About Engineering Economy
A farmer has 8ha of agricultural land, the farmer will plant the land with rice and corn.
From 1 ha of rice plants can be harvested 3 tons of rice, while from 1 ha of corn plants can be harvested 4 tons of corn.
This farmer wants to get a yield of not less than 30 tons. If the cost of planting 1 ha of rice plants is 500 thousand and the cost of planting 1 ha of corn is 600 thousand,
Question :
then what is the minimum cost that must be paid by the farmer?