How many bushels of corn would you produce

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Reference no: EM133537143

Assignment:

You are the manager of large farm located in Iowa with 500 acres. Given the current recession, you have decided to diversify by producing both a corn and soybean. Based on corn price of $3.95 and soybean price of $8.5, you expect to earn total revenue of $236,820. From your experience, you know that the allocated acre for soybean will produce at least 12,705 bushels of soybeans.

Using the total revenue equation, how many bushels of corn would you produce?

Reference no: EM133537143

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