Question

In: Advanced Math

1) A farmer finds that if she plants 60 trees per acre, each tree will yield...

1) A farmer finds that if she plants 60 trees per acre, each tree will yield 40 bushels of fruit. She estimates that for each additional tree planted per acre, the yield of each tree will decrease by 2 bushels. How many trees should she plant per acre to maximize her harvest?

2)A baseball team plays in a stadium that holds 46000 spectators. With the ticket price at $10 the average attendence has been 19000. When the price dropped to $7, the average attendence rose to 23000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue?

Solutions

Expert Solution


Related Solutions

I planted a 5-acre Christmas tree farm at a density of 1,200 trees per acre. I...
I planted a 5-acre Christmas tree farm at a density of 1,200 trees per acre. I expect to harvest all of the trees in Year 9 (n=9) and plan to sell the trees for $60 each (in constant 2018 dollars – disregarding inflation). Using a real discount rate of 7%, what is the present value of the revenue (a benefit) from the Christmas tree harvest in Year 9? Report your answer as a whole number rounded to the nearest dollar...
meention any two types of plants/trees in your locality. For each of the plants/trees outline any...
meention any two types of plants/trees in your locality. For each of the plants/trees outline any material that can be obtained from it to teach science in basic schools.
meention any two types of plants/trees in your locality. For each of the plants/trees outline any...
meention any two types of plants/trees in your locality. For each of the plants/trees outline any material that can be obtained from it to teach science in basic schools.
8.6 Cherry Trees: Timber yield is approximately equal to the volume of a tree, however, this...
8.6 Cherry Trees: Timber yield is approximately equal to the volume of a tree, however, this value is difficult to measure without first cutting the tree down. Instead, other variables, such as height and diameter, may be used to predict a tree's volume and yield. Researchers wanting to understand the relationship between these variables for black cherry trees collected data from 31 such trees in the Allegheny National Forest, Pennsylvania. Height is measured in feet, diameter in inches (at 54...
Trees and other plants move water and minerals from their roots upward into the tree through...
Trees and other plants move water and minerals from their roots upward into the tree through a process involving: A. Cohesion only. B. Adhesion only. C. Surface tension only. D. A combination of cohesion, adhesion, and surface tension called capillary action.
The heritability for the number of apples per tree in an orchard of trees is 0.88....
The heritability for the number of apples per tree in an orchard of trees is 0.88. Consider the following statements and indicate whether they are true or false. For those that are false, explain why.   A. The environment has very little impact on the outcome of this trait.   B. Most of the phenotypic variation for this trait in this group of apple trees is due to genetic variation.   C. Based on the observation of the heritability, it is reasonable to...
A farmer is going to divide her 60 acre farm between two crops. Seed for crop...
A farmer is going to divide her 60 acre farm between two crops. Seed for crop A costs $20 per acre. Seed for crop B costs $40 per acre. The farmer can spend at most $2200 on seed. If crop B brings in a profit of $320 per acre, and crop A brings in a profit of $140 per acre, how many acres of each crop should the farmer plant to maximize her profit?
3. A farmer finds that some of his pot plants have spindly leaves and others have...
3. A farmer finds that some of his pot plants have spindly leaves and others have normal leaves. From among his plants, he chooses 6 pairs and mates them, with the following results: 1) spindly X normal: 56 spindly & 61 normal 2) spindly X spindly: 63 spindly & 0 normal 3 ) normal X normal : 0 spindly & 44 normal 4 ) spindly X normal: 59 spinldy & 0 normal 5) spindly X spindly: 122 spindly & 41...
A 40-acre Christmas tree plantation produces $3,500 of net revenue per acre every 9 years.
A 40-acre Christmas tree plantation produces $3,500 of net revenue per acre every 9 years. If the interest rate is 8%, what is the maximum amount of money you should be willing to pay to acquire the plantation when the first cash flow is 5 years away (round to nearest whole number)?
A study of 100 apple trees showed that the average number of apples per tree was...
A study of 100 apple trees showed that the average number of apples per tree was 1,000. The standard deviation of the population is 150. Which of the following is the 95% confidence interval for the mean number of apples for all trees? a.) (975.3, 1024.7) B.) (970.6, 1029.4) C.) (967.7, 1032.3) D.) (965.1, 1034.9)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT