What planting combination will produce greatest total prfit

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A farmer has 120 acres on which to plan wheat or corn. Each acre of wheat requires $20 capital and 2 hours of labor. Each acre of corn requires $35 capital and 6 hours of labor. Labor costs are $8 per hour. The farmer has $2000 available for capital and $2400 available for labor. If the revenue is $50 from each acre of wheat and $120 from each acre of corn, what planting combination will produce the greatest total profit? What is the maximum profit?

Reference no: EM13888525

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