What is the maximum revenue

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Reference no: EM13275332

Farmer Jones must determine how many acres of corn and wheat to plant this year. An acre of wheat yields 25 bushels of wheat and requires 10 hours of labor per week. An acre of corn yields 10 bushels of corn and requires 4 hours of labor per week. All wheat can be sold at $4 a bushel and all corn can be sold at $3 per bushel. Seven (7) acres of land and 40 hours per week of labor are available. Government regulations require that at least 30 bushels of corn be produced during the current year. (a) Let x1=number of acres of corn planted and x2=number of acres wheat planted. By using these decision variables formulate an LPP whose solution will tell Framer Jones how to maximize the total revenue from wheat and corn. (b) Determine graphically the feasible region (FR) of the LPP from (a). (c) Solve the LPP obtained in (a) graphically by using iso-prot lines in order to conclude how framer Jones could maximize the total revenue from wheat and corn. What is the maximum rev- enue?

Reference no: EM13275332

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