Question: 2. Next, estimate the per-acre corn yield you would expect to achieve on each of your plots of land given your planned fertilizer applications. a.

2. Next, estimate the per-acre corn yield you would expect to achieve on each of your plots of land given your planned fertilizer applications.

a. Dane County (bu/ac): ______ (2 pts)

b. Rock County (bu/ac): ______ (2 pts)

c. Sauk County (bu/ac): ______ (2 pts)

3. Use the answers from question 2 (which, remember, should already be rounded to the nearest whole number) to estimate the total corn production for each of your plots of land if you were to cultivate the entire plot.

a. Expected production on Dane County plot (bushels): _______ (1 pt)

b. Expected production on Rock County plot (bushels): _______ (1 pt)

c. Expected production on Sauk County plot (bushels): _______ (1 pt)

4. Next, use your answers from question 3 and the information from earlier in this problem set to solve your firms linear programming problem. You can ignore risk and production uncertainty in this problem. Report your solutions below:

a. Optimal corn production on Dane County plot (bushels): _______ (1 pt)

b. Optimal corn production on Rock County plot (bushels): _______ (1 pt)

c. Optimal corn production on Sauk County plot (bushels): _______ (1 pt)

d. Corn transported from Dane County plot to ethanol refinery (bushels): _______ (1 pt)

e. Corn transported from Dane County plot to HFCS plant (bushels): _______ (1 pt)

f. Corn transported from Rock County plot to ethanol refinery (bushels): _______ (1 pt)

g. Corn transported from Rock County plot to HFCS plant (bushels): _______ (1 pt)

h. Corn transported from Sauk County plot to ethanol refinery (bushels): _______ (1 pt)

i. Corn transported from Sauk County plot to HFCS plant (bushels): _______ (1 pt)

j. Total transportation cost (dollars): _______ (1 pt)

5. Finally, use your work and previous answers to calculate the number of acres on each plot of land you plan to cultivate. Report your answers below:

a. Acres cultivated on Dane County plot: _______ (1 pt)

b. Acres cultivated on Rock County plot: _______ (1 pt)

c. Acres cultivated on Sauk County plot: _______ (1 pt)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!