In Problem 9, when Farmer Hoglund applies N pounds of fertilizer per acre, the marginal product of fertilizer is bushels of corn. If the price of corn is $3 per bushel and the price of fertilizer is $.30 per pound, then how many pounds of fertilizer per acre should Farmer Hoglund use in order to maximize his profits?
A) 180
B) 360
C) 94
D) 368
E) 200

Question

In Problem 9, when Farmer Hoglund applies N pounds of fertilizer per acre, the marginal product of fertilizer is  bushels of corn. If the price of corn is $3 per bushel and the price of fertilizer is $.30 per pound, then how many pounds of fertilizer per acre should Farmer Hoglund use in order to maximize his profits?
A) 180 
B) 360 
C) 94 
D) 368 
E) 200

Quizplus · Accepted Answer

The Answer of In Problem 9, when Farmer Hoglund applies N pounds of fertilizer per acre, the marginal product of fertilizer is  bushels of corn. If the price of corn is $3 per bushel and the price of fertilizer is $.30 per pound, then how many pounds of fertilizer per acre should Farmer Hoglund use in order to maximize his profits?
A) 180 
B) 360 
C) 94 
D) 368 
E) 200

In Problem 9, When Farmer Hoglund Applies N Pounds of Fertilizer