Question: Write the mathematical model and use Solver sensitivity analysis to answer the following question: A farm co-op has 6,001 acres available to plant with corn
Write the mathematical model and use Solver sensitivity analysis to answer the following question: A farm co-op has 6,001 acres available to plant with corn and soybeans. Each acre of corn requires 9 gallons of fertilizer/herbicide and 0.75 hour of labor to harvest. Each acre of soybeans requires 3 gallons of fertilizer/herbicide and 1 hour of labor to harvest. The co-op has available at most 40,500 gallons of fertilizer/herbicide and at most 5,250 hours of labor for harvesting. Find the shadow price associated with the fertilize/herbicide constraint if the profits per acre are $65 for corn and $45 for soybeans. Round your answer to the nearest cent if necessary.
| A | $0.00 | |
| B | $1.11 | |
| C | $2.22 | |
| D | $3.33 | |
| E | $4.44 |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
