Maximum profit
A farmer grows two crops, corn and soybeans. Suppose that each acre planted with corn requires 1 man day of labor, $3 investment and yields a profit of $35 at harvest. Each acre of soybeans on the other hand requires 2 man days of labor,$1 investment and returns a profit of $20 at harvest. The farmer had a total of 70 acres available for these crops. He has $140 he can invest and 80 man days of labor available. How many acres of each crop should he plant for maximum profit?
© BrainMass Inc. brainmass.com June 3, 2020, 5:08 pm ad1c9bdddfhttps://brainmass.com/business/business-math/maximum-profit-15429
Solution Preview
Let, on X acres of earth Corn is planted, and on Y acres Soybean is planted.
labor constrain:
1*X + 2*Y <= 80
=> X + 2Y <= 80 ...(1)
Field constrain:
X+Y = 70 ........(2)
Profit:
P(X,Y) = (35-3)*X + (20-1)*Y
=>P(X,Y) = 32X + 19Y ..(3)
Take ...
Solution Summary
This shows how to find maximum profit for a farmer planting crops.