Question: PLEASE WORK ON A NEW ANSWER PLEASE!!!,SHOW ALL THE STEPS AND AVOID USING EXCEL THERE ARE SIMILIAR QUESTIONS ONLINE BUT WITH DIFFERENT VALUES Farmer Jones

PLEASE WORK ON A NEW ANSWER PLEASE!!!,SHOW ALL THE STEPS AND AVOID USING EXCEL

THERE ARE SIMILIAR QUESTIONS ONLINE BUT WITH DIFFERENT VALUES

PLEASE WORK ON A NEW ANSWER PLEASE!!!,SHOW ALL

Farmer Jones must determine how many acres of corn and wheat to plant this year. An acre of wheat yields 25 bags of wheat and requires 10 hours of labor per week. An acre of corn yields 10 bags of corn and requires 4 hours of labor per week. All wheat can be sold at $4 a bag, and all corn can be sold at $3 a bag. Seven acres of land and 40 hours per week of labor are available. Government regulations require that at least 30 bags of corn be produced during the current year. Formulate an LP whose solution will tell Farmer Jones how to maximize the total revenue from wheat and corn. What is the optimal solution? (Show your answers correct to one decimal place, e.g. 20.0) Number of acres of corn = Number of acres of wheat - What would the maximum profit be? (Show your answer correct to two decimal places, e.g. 2 000.00) Profit = $ How many total acres of land would be used to maximize profit? (show your answer correct to one decimal place, e.g. 20.0) Answer = acres

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!