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Rienzi Farms grows sugar cane and soybeans on its 500 acres of land. An acre of soybeans brings a $1000 contribution to overhead and profit; an acre...
Rienzi Farms grows sugar cane and soybeans on its 500 acres of land. An acre of soybeans brings a $1000 contribution to overhead and profit; an acre of sugar cane has a contribution of $2000. Because of a government program no more than 200 acres may be planted in soybeans. During the planting season 1200 hours of planting time will be available. Each acre of soybeans requires 2 hours, while each acre of sugar cane requires 5 hours. The company seeks maximum contribution (profit) from its planting decision. (7pts.)a. Algebraically state the decision variables, objective and constraints.b. Plot the constraintsc. Solve graphically, using the corner-point method.
