A farmer has 1000 acres of land on which he can grow corn, wheat, and soybean. The following table lists the cost of preparation for each acre, man-days of work required and profit yielded in $. The farmer has $100,000 for preparation and can count on 8000 man-days of work. How will the farmer allocate his land to get maximum profit?

A farmer has 1000 acres of land on which he can grow corn, wheat, and soybean. The following table lists the cost of preparation for each acre, man-days of work required and profit yielded in $. The farmer has $100,000 for preparation and can count on 8000 man-days of work. How will the farmer allocate his land to get maximum profit?

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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14.May I know the correct option?