Final answer:
To meet the minimum monthly requirements at a minimum cost, the farmer should buy 9 cubic yards of mix A and 17.5 cubic yards of mix B. The total cost of the purchase would be $970.
Step-by-step explanation:
To determine the number of cubic yards of each mix the farmer should buy, we can set up a system of equations based on the minimum monthly requirements:
Let x = number of cubic yards of mix A to buy
Let y = number of cubic yards of mix B to buy
According to the requirements, the system of equations is:
20x + 10y = 500 (phosphoric acid)
30x + 30y = 990 (nitrogen)
5x + 10y = 210 (potash)
To solve this system, we can multiply the first equation by 2 and subtract the second equation from it to eliminate y. Then, we can multiply the first equation by 2 and subtract the third equation from it to eliminate x.
After solving, we find that x = 9 and y = 17.5. Therefore, the farmer should buy 9 cubic yards of mix A and 17.5 cubic yards of mix B to meet the minimum monthly requirements.
The total cost of the purchase can be calculated by multiplying the amount of each mix by its respective cost and adding them together:
Cost = (9 * $30) + (17.5 * $40) = $270 + $700 = $970. Therefore, the total cost is $970.