IDNLearn.com offers expert insights and community wisdom to answer your queries. Ask any question and receive accurate, in-depth responses from our dedicated team of experts.
A farmer owns a 2000-acre farm and can plant any combination of two crops, A and B. Crop A requires 1 person-day of labor and $90.00 of capital for each acre planted, while crop B requires 2 person-days and $60.00 of capital for each acre planted. Crop A produces $170.00 in revenue per acre, and crop B produces $190.00 in revenue per acre. The farmer has $150,000.00 of capital and 3000 person-days of labor available for the year. How many acres of each crop should the farmer plant in order to maximize the total revenue?
Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Thank you for choosing IDNLearn.com for your queries. We’re here to provide accurate answers, so visit us again soon.