In: Statistics and Probability
Leopold Farms grows soybean and corn on its 500 acres of land. An acre of soybeans (x1) earns $100 profit and an acre of corn (x2) earns $200 profit. Because of a government program, no more than 200 acres of soybeans may be planted. During the planting season, 1,200 hours of planting time will be available. Each acre of soybeans requires 2 hours of planting and each acre of corn requires 6 hours of planting. In addition, Leopold Farms has a policy of always planting at least twice as many acres of corn as soybeans.
Which of the following represents Leopold Farms’ objective function?