1. Complete the table 2. Identify the optimal irrigation strategy (how much input to use) to maximize profit \begin{tabular}{|l|l|} \hline Rice Price & $3.00/bu \\ \hline Irrigation Cost & $50/ acre foot \\ \hline Fixed Cost & $0 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline Irrigation & Rice Yield & Marginal Physical Product (MPP) & Marginal Value Product (MVP) & Marginal Input Cost (MIC) \\ \hline (acre-feet) & (bu/acre) & (bu) & (\$) & (\$) \\ \hline 0 & 50 & XXXX & & \\ \hline 1 & 65 & & & \\ \hline 2 & 85 & & & \\ \hline 3 & 125 & & & \\ \hline 4 & 160 & & & \\ \hline 5 & 185 & & & \\ \hline 6 & 195 & & & \\ \hline 7 & 180 & & & \\ \hline \end{tabular}