A Farmer Is Planning His Spring Planting Suppose the Farmer Can Purchase More Fertilizer for $2
Question 49
Question 49
Essay
A farmer is planning his spring planting. He has 20 acres on which he can plant a combination of Corn, Pumpkins and Beans. He wants to maximize his profit but there is a limited demand for each crop. Each crop also requires fertilizer and irrigation water which are in short supply. The following table summarizes the data for the problem. Crap Carm pumplin Beans Profitper Acre ( 2,1009001,050 Yied per Acre (lb) 21,00010,0003,500 Meximum Denand (lb) 200,000180,00080,000 Irripation (acreft) 231 Fetilize (pounds/are) 500400300 Suppose the farmer can purchase more fertilizer for $2.50 per pound, should he purchase it and how much can he buy and still be sure of the value of the additional fertilizer? Base your response on the following Risk Solver Platform (RSP) sensitivity output. Changing Cells Cell $B$4$C$4$D$4 Name Acres of Corn Acres of Pumpkin Acres of Beans Final Value 9.52010.79 Reduced Cost 0−500.010 Objective Coefficient 2100899.991050 Allowable Increase 1E+30500.01210 Allowable Decrease 3501E+30375.00
Constraints Cell $E$8$E$9$E$10$E$11$F$12 Name Corn demand Used Pumpkin demand Used Bean demand Used Water Used Fertilizer Userl Final Value 200000037777.7829.848000Shadow Price 0.01700035Constraint R.H. Side 20000018000080000508000Allowable Increase 1360001E+301E+301E+303610ก4Allowable Decrease 15200018000042222.2220.15323800
Correct Answer:
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Yes, because the cost of $2.50...
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