The ploughman familiy ows 640 acre farm.Entire familiy can produce 9500 person hour labor a year. If some of tihis is not needed they work nest farm fo $5 hour.Farm support 2 types of livestock; dairy cows and hens as well as 3 crops soybeans corn and wheat(all 3 are cash crops but corn is used for cow feed and wheat used for chicken).succesful harvest for this year is $20000. family has 30 cows valued at $35000 and 2000 hens valued at $5000. each cow require 2 acre land and 10 person hours labor and generates $850 for 1 month. for each hen there is not significant acreage 0,05 person hours labor and 1 hen generates $4,25 for 1 month. for 1 acre ; soybeans requires 2,4 person hours and generates $70 for 1 year. Wheat requires 1,4 person hours and generates $40 a year. corn requires 2,1 person hour labor and generates $60 for a year. they want to maximize their profit from cows, hens, soybeans, corn and wheat
2007-08-29
07:32:58
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1 answers
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asked by
burak186
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Education & Reference
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