When Farmer Hoglund applies N pounds of fertilizer per acre， the marginal product of fertilizer is 1-（N=200） bushels of corn.If the price of corn is $1 per bushel and the price of fertilizer is $0.40 per pound， then how many pounds of fertilizer per acre
When Farmer Hoglund applies N pounds of fertilizer per acre， the marginal product of fertilizer is 1-（N=200） bushels of corn.If the price of corn is $1 per bushel and the price of fertilizer is $0.40 per pound， then how many pounds of fertilizer per acre should Farmer Hoglund use in order to maximize his profits？
A.120
B.240
C.64
D.248
正确答案：120
Tag：中级微观经济学
时间：2023-12-17 11:47:47
- 上一篇：The production function is given by F（L）=6L2/3 .Suppose that the cost per unit of labor is 12 and the price of output is 6， how many units of labor will the firm hire？
- 下一篇：A competitive firm produces output using three fixed factors and one variable factor.The firm's short run production function is q=163x-2x2 ， where x is the amount of variable factor used.The price of output is $3 per unit and the price of the variabl