According to a model developed by economists E. Heady and J. Pesek, if fertilizer made from N

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According to a model developed by economists E. Heady and J. Pesek, if fertilizer made from N pounds of nitrogen and P lb of phosphate is used on an acre of farmland, then the yield of corn (in bushels per acre) is

Y = 7.5 +0.6N +0.7P - 0.001N2 - 0.002P +0.001NP

A farmer intends to spend $30/acre on fertilizer. If nitrogen costs 25 cents/lb and phosphate costs 20 cents/lb, which combination of N and P produces the highest yield of corn?

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Related Book For  answer-question

Calculus

ISBN: 9781319055844

4th Edition

Authors: Jon Rogawski, Colin Adams, Robert Franzosa

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