Question

optimal profit a fruit grower has 150 acres of land available to raise two crops, a and b. it takes 1 day to trim an acre of crop a and 2 days to trim an acre of crop b, and there are 240 days per year available for trimming. it takes 0.3 day to pick an acre of crop a and 0.1 day to pick an acre of crop b, and there are 30 days available for picking. the profit is $140 per acre for crop a and $235 per acre for crop b. what is the optimal acreage for each fruit? what is the optimal profit?

Answer 1

The ideal amount of land for each fruit. 29550 profit would be ideal.

How are the best profits determined?

Profit = Total Revenue - Total Cost is a key component of the profit maximization formula. In light of the fact that the first order—MR = MC—and subsequent orders are dependent upon one another, a company maximizes profit when MR = MC.

The importance of maximizing profit is?

Profit maximization is a strategy that can support efficient and long-term corporate growth. When you're ready to grow your company, using a profit-maximizing plan will guarantee that more work will result in more money in the bank.

To learn more about profit maximization here:

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