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Homework 10 on (4.c) Marginal product due before class on Feb 19.
http://seedsppp.blogspot.com/2013/12/4c-marginal-product.html
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The marginal product of nitrogen (applied to wheat) is calculated how?
Note: the units of the marginal product is bushels per acre
total yield divided total nitrogen use
change in yield divided by change in nitrogen use
change in yield divided by total nitrogen use
total yield divided by change in nitrogen use
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The marginal product of nitrogen (applied to wheat) is interpreted how?
Note: the units of the marginal product is bushels per acre
increase in yield due to an increase in nitrogen use by one pound per acre
increase in yield due to an increase in nitrogen use by 10 pounds per acre
the average yield per lb of nitrogen, over all lbs of nitrogen applied
the increase in nitrogen needed to increase yield per acre by one bushel
the increase in nitrogen needed to increase yield per acre by 10 bushels
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In the production table below, what is the marginal product when you increase the nitrogen application from 0 to 15 lbs per acre?
.10
.15
.20
.23
.25
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In the production table below, what is the marginal product when you increase the nitrogen application from 30 to 45 lbs per acre?
.17
.20
.23
.27
.30
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In the production table below, what is the marginal product when you increase the nitrogen application from 75 to 90 lbs per acre?
.10
.05
.03
-.03
-.07
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Production Table
In the table above, where does stage 1 of production begin and end?
(Remember that with discrete values the ending point of one stage may also be the beginning point of another stage)
begins at 0, ends at 15 lbs N
begins at 0, ends at 30 lbs N
begins at 15, ends at 30 lbs N
begins at 15, ends at 45 lbs N
begins at 15, ends at 60 lbs N
stage 1 is not present in the table
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In the table above, where does stage 2 of production begin and end?
(Remember that with discrete values the ending point of one stage may also be the beginning point of another stage)
begins at 15, ends at 30 lbs N
begins at 15, ends at 45 lbs N
begins at 30, ends at 60 lbs N
begins at 30, ends at 75 lbs N
begins at 45, ends at 90 lbs N
stage 2 is not present in the table
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In the table above, what values of nitrogen inputs are in the 3rd stage of production?
60 and 75 lbs N
45, 60, and 75 lbs N
30, 45, and 90 lbs N
only 75 and 90 lbs N
just 90 lbs N
stage 3 is not present in the table
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