Solve the problems below that pertain to a farmer planting wheat. (a) If a farmer plants x units of wheat in his field, 0 ≤x≤ 196, the yield will be 14x- +2 - units. How much wheat should 14 he plant for the maximum yield? 98 units of wheat (b) In the problem above, it costs the farmer $108 for each unit of wheat he plants, and he is able to sell each unit he harvests for $84. How much should he plant to maximize his profit? 84 X units of wheat

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Solve the problems below that pertain to a farmer planting wheat.
(a) If a farmer plants x units of wheat in his field, 0 ≤ x ≤ 196, the yield will be 14x
-
he plant for the maximum yield?
98
units of wheat
units. How much wheat should
14
(b) In the problem above, it costs the farmer $108 for each unit of wheat he plants, and he is able to sell each unit he
harvests for $84. How much should he plant to maximize his profit?
84
X units of wheat
Transcribed Image Text:Solve the problems below that pertain to a farmer planting wheat. (a) If a farmer plants x units of wheat in his field, 0 ≤ x ≤ 196, the yield will be 14x - he plant for the maximum yield? 98 units of wheat units. How much wheat should 14 (b) In the problem above, it costs the farmer $108 for each unit of wheat he plants, and he is able to sell each unit he harvests for $84. How much should he plant to maximize his profit? 84 X units of wheat
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