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Profit Maximization for Corn-Soybean Farm Resources Amount Crop Production Enterprise
Constraints Available Corn Soybean
a) Crop land 400 acres 1 1
b) Family labor 225 hours 0.45 0.60
c) Operating capital P 35,000.00 110 60
Net Income per acre P150.00 P140.00
Consider a competitive market for which the quantities demanded and supplied? (per year) at various prices are given as? follows:
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