You have a 5-acre organic farm that produces vegetables to s…
You have a 5-acre organic farm that produces vegetables to sell at the local farmer’s market. You pay a local high school student $12 an hour to help you, mainly with weeding. You need to decide how to allocate your employee’s time to maximize profits. Below is a table showing the marginal value product of each successive hour of weeding for two crops. Hours weeding Beets Potatoes First hour $20 $24 Second hour $15 $22 Third hour $10 $19 Fourth hour $5 $14 If the employee can work for up to 4 hours, how should those hours be spent to maximize the farm’s profit?
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