answer a b c d

5. Consider the agricultural problem in Exercise 4, Section 1.1. (a) Suppose the farmer is able to hire additional workers who can devote 60 hr to working the crops. How much of each crop should be planted? (b) Suppose the farmer decides to only plant 10 acres. How much of each crop should be planted? (C) Suppose the price received for oats increases by $1/acre, so that the profit per acre of oats is now $21. How much of each crop should the farmer plant? (d) What increase in profit for soybeans would induce the farmer to plant soybeans? 4. Agricultural problem. A farmer owns a farm that produces corn, soybeans, and oats. There are 12 acres of land available for cultivation. Each crop that is planted has certain requirements for labor and capital. These data along with the net profit figures are given in the accompanying table. Labor (hr) Capital (s) Net profit ($) Corn (per acre) Soybeans (per acre) Oats (per acre) The farmer has $360 available for capital and knows that there are 48 hr available for working these crops. How much of each crop should be planted to maximize profit? 5. Consider the agricultural problem in Exercise 4, Section 1.1. (a) Suppose the farmer is able to hire additional workers who can devote 60 hr to working the crops. How much of each crop should be planted? (b) Suppose the farmer decides to only plant 10 acres. How much of each crop should be planted? (C) Suppose the price received for oats increases by $1/acre, so that the profit per acre of oats is now $21. How much of each crop should the farmer plant? (d) What increase in profit for soybeans would induce the farmer to plant soybeans? 4. Agricultural problem. A farmer owns a farm that produces corn, soybeans, and oats. There are 12 acres of land available for cultivation. Each crop that is planted has certain requirements for labor and capital. These data along with the net profit figures are given in the accompanying table. Labor (hr) Capital (s) Net profit ($) Corn (per acre) Soybeans (per acre) Oats (per acre) The farmer has $360 available for capital and knows that there are 48 hr available for working these crops. How much of each crop should be planted to maximize profit