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What will be the utilization of the land

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Problem 1: The owner of a greenhouse and nursery is considering whether to spend $6,500 to acquire the licensing rights to grow a new variety of rosebush, which she could then sell for $3.10 each. Per-unit variable cost would be $5.40. If her available land has design and effective capacities of 2,300 and 1,400 rosebushes per year respectively, and she plans to grow 1,000 rosebushes each year on this land, what will be the utilization of this land? (Provide your answer with a number only. Round your answer to two decimal points.)

Reference no: EM132940819

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