Maximization applications
A farmer has 100 acres of land on which she plans to grow wheatand corn. Each acre of wheat requires 4 hours of labor and $20 ofcapital, and each acre of corn requires 16 hours of labor and $40of capital. The farmer has at most 800 hours of labor and $2400 ofcapital available. If the profit from an acre of wheat is $80 andfrom an acre of corn is $100, how many acres of each crop shouldshe plant to maximize her profit?
