A farmer in Wood County has 900 acres of land. She is going to plant each acre with com. soybeans, or wheat. Each acre planted with corn yields a $2,000 profit; each with soybeans yields $2,500 profit; and each with wheat yields $3,000 profit. She has 100 workers and 150 tons of fertilizer. The following table shows the requirement per acre of each of the crops. Assuming a linear relationship, use Excel Solver to determine the optimal planting mix of corn, soybeans, and wheat to maximize her profits. Com Soybeans Wheat Labor Fertilızer 01 0.3 0.1 0.2 0.2 04
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- A farmer produces both beans and corn on her farm. If she must give up 16 bushels of corn to be able to get 6 bushels of beans, then her opportunity cost of 1 bushel of beans is O a. 2.67 bushels of corn. O b. 16.00 bushels of corn. O c. 2.99 bushels of corn. O d. 0.38 bushels of corn.Juan Fox’ has started her own company, Foxy Jeans, which manufactures imprinted jeans. Since he just begun this operation, he rents the equipment from a local printing shop when necessary. The cost of using the equipment is P3,000. The materials used in one jean cost P200, and he can sell it at 350. Requirements: Provide for a mathematical model that will show how to maximize the profit. IF Juan sells 100 jeans, what will his total revenues, total costs, and profit? How many jeans must Juan sell to have zero profit and zero loss (break-even)?Suppose Charles owns a lawn-mowing company. Assume that without workers, no yards are mowed. When he hires one worker, he is able to mow 2 yards per day. With two workers, he can mow 5 yards per day, and with three workers, he can mow 10 yards per day. The marginal product of the second worker is ? yards per day
- Suppose Charles owns a lawn-mowing company. Assume that without workers, no yards are mowed. When he hires one worker, he is able to mow 2 yards per day, With two workers he can now 5 yards per day and with a three workers he can now 10 yards per day. The marginal product of the first worker is 2 yards per day The marginal product of the second worker is 3 yards per day The marginal product of the third worker is ? yard per dayFreshly Farms plants 80 acres of Brussels sprouts every spring. Freshly sells its sprouts to a farmers cooperative, which sells them to a wholesaler, which sells them to retailers, which sells them to consumers. The farmers cooperative buys Freshly Brussels sprouts for $0.98 per pound. The cooperative takes a 16% margin on the cooperative's selling price. The wholesaler takes a 16% markup on the wholesaler's cost. The retailer takes a 15% margin on the retailer's selling price. How much does a consumer pay to the retailer for one pound of Freshly Farms Brussels sprouts? (Rounding: penny.) ANSWER IS: 1.59, but HOW is that the answer? Please explain.Sara sells hats for children. She is able to sell at OMR 18 per unit. Materials for the hats cost OMR 4. Fixed cost is OMR 280. She sells 80 hats each month. What is her profit?
- A farmer can buy two types of plant food, mix A and mix B. Each cubic yard of mix A contains 20 pounds of phosphoric acid, 30 pounds of nitrogen, and 5 pounds of potash. Each cubic yard of mix B contains 10 pounds of phosphoric acid, 30 pounds of nitrogen, and 10 pounds of potash. The minimum monthly requirements are 420 pounds of phosphoric acid, 960 pounds of nitrogen, and 210 pounds of potash. If mix A costs $20 per cubic yard and mix B costs $40 per cubic yard, how many cubic yards of each mix should the farmer blend to meet the minimum monthly requirements at a minimum cost? What is this cost? If mix A costs $20 per cubic yard and mix B costs $40 per cubic yard, the farmer should blend yd of mix A and yd of mix B to meet the minimum monthly requirements at a minimum cost.Rose Hill, a soybean farm in northern Minnesota, has a herd of 28 dairy cows. The cows produce approximately 1,540 gallons of milk per week. The farm currently sells all its milk to a nearby processor for $1.25 per gallon, a significant drop from the $2.00 per gallon they were able to charge five years ago. It costs $1.60 per gallon to produce the milk. The owners of Rose Hill are deciding whether to sell the dairy cows or expand into the artisan cheese market. Both owners have prior cheese-making experience and they already have all the needed equipment. It takes 0.8 gallons of milk to make a pound of cheese. Costs to produce a pound of cheese are expected to total $7 per pound. Artisan cheeses are currently selling for $10 per pound at farmer's markets and upscale groceries. Required a. How much incremental profit would Rose Hill recognize if half the milk each week was used to make cheese? $ 1,925 b. How much, in total, would Rose Hill earn each week if half the milk was used to…A dairy farmer has found that it costs $1.84 to produce each gallon of milk, and the daily fixed cost to maintain production is $345. If the farmer charges $3.29 per gallon of milk when he sells it to a large grocery store chain, how many gallons of milk does the farmer need to produce and sell to make a daily profit of $479? (Round your answer to the nearest whole number of gallons.) The farmer needs to produce and sell gallons of milk to make a daily profit of $479.
- Rose Hill, a soybean farm in northern Minnesota, has a herd of 33 dairy cows. The cows produce approximately 1, 820 gallons of milk per week. The farm currently sells all its milk to a nearby processor for $ 1.25 per gallon, a significant drop from the $2.00 per gallon they were able to charge five years ago. It costs $1.60 per gallon to produce the milk. The owners of Rose Hill are deciding whether to sell the dairy cows or expand into the artisan cheese market. Both owners have prior cheese - making experience and they already have all the needed equipment. It takes 0.8 gallons of milk to make a pound of cheese. Costs to produce a pound of cheese are expected to total $7 per pound. Artisan cheeses are currently selling for $10 per pound at farmer's markets and upscale groceries. a. How much incremental profit would Rose Hill recognize if half the milk each week was used to make cheese? b. How much, in total, would Rose Hill earn each week if half the milk was used to make cheese and…Maxine's Pumps (MP) sells bilge pumps for $250 each. Each pump cost $100 to produce and MP's fixed operating costs equal $600, 000 a) what is MP's operating breakeven point b) what is MP operating income ( NOI) when 10,000 pumps are sold?Three years ago, Dorothy Taylor started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Dorothy sells the baskets for $33 each, and her variable costs are $23 per basket. She incurs $11,600 in fixed costs each year. (a) How many baskets will Dorothy have to sell this year if she wants to earn $28,000 in operating income? (Round answer to O decimal places, eg. 5,275) baskets