The Bradley family owns 410 acres of farmland in North Carolina on which they grow corn and tobacco. Each acre of corn costs 5 to plant, cultivate, and harvest; each acre of tobacco costs $210. The Bradleys’ have a budget of $52,500 for next year. The government limits the number of acres of tobacco that can be planted to 100. The profit from each acre of corn is $300; the profit from each acre of tobacco is $520. The Bradleys’ want to know how many acres of each crop to plant in order to maximize their profit.
? c. The Bradleys’ have an opportunity to lease some extra land from a neighbor. The neighbor is offering the land to them for $110 per acre. Should the Bradleys’ lease the land at that price? What is the maximum price the Bradleys’ should pay their neighbor for the land, and how much land should they lease at that price
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