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

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

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 11E

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