Rice production requires both labor and capital investments in equipment and land. Suppose that if x dollars per acre aer invested in labor and y dollars per acre are investd in equpiment and land, then the yield P of rice per acre is given by the formula P = 100 times the square root of x + a50 times the square root of y. If a farmer invests $40/acre, how hould he divide the $40 between labor and capital investment in order to maximize the amount produced?
1 answer
Have you found an answer yet?
2 answers