Answered: armer has 103 acres on which to plant…

Name: farmer has 103 acres on which to plant oats or corn. Each acre of oats
Uploaded: 2024-03-20T07:07:26.000Z
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Description: farmer has 103 acres on which to plant oats or corn. Each acre of oats requires $18 capital and 2 hours of labor. Each acre of corn requires $36 capital and 6 hours of labor. Labor costs are$8 per hour. The farmer has $2100 available for capital

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter6: Systems Of Linear Equations And Inequalities

Section6.1: Graphing Systems Of Equations

Problem 59PFA

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farmer has 103 acres on which to plant oats or corn. Each acre of oats requires $18 capital and 2 hours of labor. Each acre of corn requires $36 capital and 6 hours of labor. Labor costs are$8 per hour. The farmer has $2100 available for capital and $2400 available for labor. If the revenue is $58 from each acre of oats and $120 from each acre of corn, what planting combination will produce the greatest total profit? (Profit here is revenue plus leftover capital and labor cash reserve.) What is the maximumprofit?

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