30 Apr Question: Need help with this question. Thank you in advance! You are a farmer. You have two plots of land….
Need help with this question. Thank you in advance!
You are a farmer. You have two plots of land. One is on a hill and one is in a valley. Each is ten acres. On each plot, you can grow either corn or wheat. Each acre in the valley will produce either 10 bushels of wheat or 5 bushels of corn. Each acre of the hill-top plot will produce either 6 bushels of wheat or 4 bushels of corn.
If the price of corn is $10 and the price of wheat is $8, what would you plant and where in order to maximize revenue? How much would your crops be worth?
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