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Think Break 2

# Think Break 2 - Think Break#2 Fill in the VMP column in the...

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Unformatted text preview: Think Break #2 Fill in the VMP column in the table using \$2/bu for the corn price. What is the profit maximizing N fertilizer rate if the N fertilizer price is \$0.2/lb? N Yield MP 0 25 50 75 100 125 150 200 250 30 --45 0.6 75 1.2 105 1.2 135 1.2 150 0.6 165 0.6 165 0.1 160 -0.1 VMP Think Break #2: Answer Fill in the VMP column in the table using \$2/bu for the corn price. VMP = p x MP What is the profit maximizing N fertilizer rate if the N fertilizer price is \$0.2/lb? Where VMP = r = 0.2 N Yield MP 0 25 50 75 100 125 150 200 250 30 --45 0.6 75 1.2 105 1.2 135 1.2 150 0.6 165 0.6 165 0.1 160 -0.1 VMP 1.2 2.4 2.4 2.4 1.2 1.2 0.2 -0.2 Think Break #2: Answer 175 150 125 100 75 50 25 0 0 50 100 150 200 250 1.4 1.2 1 0.8 0.6 0.4 0.2 0 -0.2 0 -0.4 50 100 150 200 250 ...
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