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Each year a farmer has 100 acres of… Show more Please answ

Paper help Economics Each year a farmer has 100 acres of… Show more Please answ

Economics

Each year a farmer has 100 acres of… Show more Please answ

Each year a farmer has 100 acres of… Show more Please answer the question with explainning the steps. Thanks! Each year a farmer has 100 acres of land, 3880 machine hours and 2500 labor hours to grow grain and vegetables. Each acre of grain requires 15 labor hours and 40 machine hours per year, while each acre of vegetables needs 35 labor hours and 25 machine hours per year. The profit per acre of grain is $ 50, and that per acre of vegetables is $ 66. Formulate the farmer’s decision problem as a Linear Programming problem by identifying the choice variables, the objective function and the constraints. • Show less

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