Question: B. Linear Programming Tableau Using the following linear programming tableau answer the questions shown below. Maximize profit Corn Soybeans Cattle (Acre) (Acre) (Head) 114 Gross

B. Linear Programming Tableau Using the following linear programming tableau answer the questions shown below. Maximize profit Corn Soybeans Cattle (Acre) (Acre) (Head) 114 Gross Margin 89 Land 1 Labor 1.5 Capital 125 Answer 280 Reduced Cost Answer Shadow Amount Price Available $29,920 LE 500 280 LE 2,400 420 LE S35,000 $35,000.71 202 0 .5 327 0 30.82 1.8 250 0 64 7. How many acres of corn and soybeans are in the profit maximizing choice? How many head of cattle? 8. What is the maximized amount of profit for this farm? 9. What does a shadow price of $0.71 mean? Why aren't there shadow prices for land or labor? B. Linear Programming Tableau Using the following linear programming tableau answer the questions shown below. Maximize profit Corn Soybeans Cattle (Acre) (Acre) (Head) 114 Gross Margin 89 Land 1 Labor 1.5 Capital 125 Answer 280 Reduced Cost Answer Shadow Amount Price Available $29,920 LE 500 280 LE 2,400 420 LE S35,000 $35,000.71 202 0 .5 327 0 30.82 1.8 250 0 64 7. How many acres of corn and soybeans are in the profit maximizing choice? How many head of cattle? 8. What is the maximized amount of profit for this farm? 9. What does a shadow price of $0.71 mean? Why aren't there shadow prices for land or labor

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 Accounting Questions!

Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income for this year. She correctly calculated her AGI....

B. Linear Programming Tableau Using the following linear programming tableau answer the questions shown below. Maximize profit Corn Soybeans Cattle (Acre) (Acre) (Head) Gross Margin 89 Land 1 Labor...

Using the following linear programming table answer the question shown below. can someone help me with this one. B. Linear Programming Tableau Using the following linear programming tableau answer...

2.SET UP A LINEAR PROGRAMMING TABLEAU USING THE CORN AND SOYBEAN BUDGETS ABOVE AND DATA BELOW. FILL IN THE BLANKS FOR a.THROUGH k. ANSWER QUESTIONS I and m. CORN (ACRES) SOYBEANS ACRES) RESOURCE...

what is the maximized level of profit Part III: Problem solving (2 pts.) 1. The following table shows a linear programming tableau. Maximize profit Answer Corn (Acre) Soybeans Cattle (Acre) (Head)...

A. REVENUE B. OPERATING EXPENSES PRICE OR TOTAL PER UNIT QUANTITY COSTUNIT ACRE 6.00 900.00 ACRE 150.00 Seed Seed Treatment Tech Fee Fertilizer 1000K ACRE 28.00 0.00 2.50 70.00 0.00 0.00 0.00 0.00...

The Ploughman family owns and operates a 640-acre farm that has been in the family for several generations. The Ploughmans always have had to work hard to make a decent living from the farm and have...

answer all parts111 Your second essay assignment requires you to critically examine the American Psychological Association code of ethics. But does the code of ethics from your own profession...

Page 1 of 2 Q 1 . Solve the following problem, using the Corner Point Method. Maximize profit = 3 0 x 1 + 4 0 x 2 Subject to 4 x 1 + 2 x 2 = 1 6 2 x 1 x 2 > = 2 x 2 = 2 x 1 , x 2 > = 0 a ) Draw lines...

Help me solve these questions answer all questions please Each station's budget for the year ending 30 September. 2018 is as follows: GR1 GR2 GTV Budget 2017/18 Budget 2017/18 Budget 2017/18 Shs...

2. The following is a simplex tableau for a linear programming model: I 6 20 12 0 0 Basic Variables Quantity X2 *3 5 $ 0 6 12 0 0 --- X1 X3 20 10 10 1 0 1/3 1/3 0 1/6 1/6 SI 0 1 240 6 10 12 0 -2 3 29...

Suppose an investor starts with a portfolio consisting of one randomly selected stock. What would happen (1) to the riskiness and (2) to the expected return of the portfolio as more and more randomly...

Let T: P2 P2 be a linear transformation for which T(l) = 3 - 2x, T(x) = 4x - x2, and T(x2) = 2 + 2x2 Find T(6 + x - 4x2) and T(a + bx + cx2).

Which of the following internal record - keeping methods can a parent choose to account for on its books for a subsidiary acquired in a purchase transaction or acquisition Method? cost or book value....

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

Networking is a two-way street. Discuss this statement.

How does a targeted rsum differ from a general rsum? Which do you believe would be more effective and why? (Objective 3)

Which sources of employment information do you think will yield the best results for your job search? Why? (Objective 2)