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allsm [11]
3 years ago
10

The Johnson Farm has 500 acres of land allotted for cultivating corn and wheat. The cost of cultivating corn and wheat (includin

g seeds and labor) is $42 and $30 per acre, respectively. Jacob Johnson has $19,800 available for cultivating these crops. If he wishes to use all the allotted land and his entire budget for cultivating these two crops, how many acres of each crop should he plant? (Let x and y denote the number of acres of corn and wheat, respectively.)
Business
1 answer:
gayaneshka [121]3 years ago
8 0

Answer:

The answer is: Jacob Johnson should cultivate 400 acres of corn and 100 acres of wheat.

Explanation:

                  x = corn acre   ;     y = wheat acre

<u>Step 1:</u>

x   +   y    =   500

42x + 30y = 19,800

<u>Step 2:</u>

Multiply (x + y = 500) times -30 ;      -30x - 30y = -15,000

<u>Step 3:</u>

42x + 30y = 19,800

-30x - 30y = -15,000

<u>Step 4:</u>

(42x - 30x) + (30y - 30y) = 19,800 - 15,000   ;     12x = 4,800

<u>Step 5:</u>

x = 4,800/12   ;    x = 400

<u>Step 6:</u>

400 + y = 500     ;      y = 100        

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Explanation:

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3 years ago
Suppose that a decrease in the price of good X results in fewer units of good Y being sold. This implies that X and Y are A. sub
steposvetlana [31]

Answer: Option (A) is correct.

Explanation:

Good X and Good Y are substitute goods. Substitute goods are the goods that can be consumed in place of each other. There is a positive relationship between the price of one good and the demand for its substitute good. For example; tea and coffee. If the price of tea increases then as a result demand for coffee increases, because drinking tea become more expensive for the consumers as compared to the coffee. So, the demand for coffee increases, despite its price remains the same.

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"The Price King Auto Mall pays their sales staff by commission. They are paid a percent of the profit the dealership makes on ea
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I hope my answer helps you

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