Question

Mr.Fields owns a 360-acre farm on which he plants corn and soybeans. The labor costs $300 per acre of corn and $150 per acre of soybeans. Mr.Fields can spend up to $60,000 for spring planting. He makes a profit of $340 per acre of corn and $300 per acre of soybeans. How many acres of each should Mr.Fields plant in order to maximize his profits ?

Answer 1

360 arces of soybeans and 0 arces of corn

Explanation:

The profit per arce of corn = 40 while the profit per arce of soybean = 150

And 360×150 = 54000 which is less than 60000