Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Nov 2017 My Price 6.00

crop production

7.       A farmer owns 500 acres of land, which is suitable for growing corn, soybeans, and sunflowers. His expectations are that the net profit from producing each crop is $55 per acre for corn, $60 per acre for soybeans, and $50 per acre for sunflowers. He and his family can supply 3,000 hours per year in performing all the farm operations nec- essary to grow these crops. In addition, he is endowed with the equivalent of 4,500 hours of tractor time necessary to grow these crops. Assume that the only resources necessary in crop production are land, labor, and tractor time.

 

 

 

 

Crop

 

Resource (Unit)

Corn

Soybeans

Sunflowers

Endowment

Land (acres)

1.0

1.0

1.0

500

Labor (hours)

0.4

0.2

0.3

3,000

Tractor (hours)

0.5

0.2

0.4

4,500

 

 

Assuming that the farmer’s objective is to maximize total profits, what is the LP model for this exercise

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Nov 2017 04:11 PM My Price 6.00

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