When Farmer Hoglund applies N pounds of fertilizer per acre, the marginal product of fertilizer is 1 - bushels of corn. If the price of corn is $2 per bushel and the price of fertilizer is $.40 per pound, then how many pounds of fertilizer per acre should Farmer Hoglund use in order to maximize his profits?

Question

When Farmer Hoglund applies N pounds of fertilizer per acre, the marginal product of fertilizer is 1 -  bushels of corn. If the price of corn is $2 per bushel and the price of fertilizer is $.40 per pound, then how many pounds of fertilizer per acre should Farmer Hoglund use in order to maximize his profits?

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The Answer of When Farmer Hoglund applies N pounds of fertilizer per acre, the marginal product of fertilizer is 1 -  bushels of corn. If the price of corn is $2 per bushel and the price of fertilizer is $.40 per pound, then how many pounds of fertilizer per acre should Farmer Hoglund use in order to maximize his profits?

When Farmer Hoglund Applies N Pounds of Fertilizer Per Acre