Rienzi Farms grows sugar cane and soybeans on its 500 acres of land. An acre of soybeans brings a $1000 contribution to overhead and profit; an acre of sugar cane has a contribution of $2000. Because of a government program, no more than 300 acres may be planted in soybeans. During the planting season, 1500 hours of planting time will be available. Each acre of soybeans requires 2 hours, while each acre of sugar cane requires 5 hours. The company seeks maximum contribution (profit) from its planting decision. What is the maximum profit?
Answer Options
a. $1,000,000
b. $700,000
c. $660,000
d. $600,000
e. $300,000