A Farm Co-Op Has 6,000 Acres Available to Plant with Corn

question 92

Multiple Choice

A farm co-op has 6,000 acres available to plant with corn and soybeans. Each acre of corn requires 9 gallons of fertilizer/herbicide and 0.75 hour of labor to harvest. Each acre of soybeans requires 3 gallons of fertilizer/herbicide and 1hour of labor to harvest. The co-op has available at most 40,501 gallons of fertilizer/herbicide and at most 5,250 hours of labor for harvesting. Find the maximum profit if the profits per acre are $75 for corn and $40 for soybeans. Round your answer to the nearest cent if necessary. ​

• A)$210,000.00
• B)$393,750.00
• C)$371,255.83
• D)$180,004.44
• E)$318,744.17

Recognize the significance of the demand curve slope and how it represents price sensitivity.

Differentiate between movements along a demand curve and shifts in the demand curve.

Grasp the concept of complementary and substitute goods and how changes in prices affect demand.

Interpret demand schedules and curves to predict consumer behavior at various price levels.

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Definitions:

Sediment Load

The total volume or mass of sediment being transported by flowing water, such as a river or stream, which can affect its velocity, erosion potential, and deposition patterns.

Isostatic Rebound

The rise of land masses that were depressed by the huge weight of ice sheets during the last glacial period, through a process of gravitational equilibrium.

Ice

The solid state of water, occurring naturally at temperatures below 0 degrees Celsius, important for climate and ecological systems.

Terraces

Flat or stepped surfaces carved into landscapes by natural processes like erosion or by human activities in agriculture or building.