The following Table shows the relationship between fertilizers applica rate in kg per dunum and barley production response to fertilization (production in kg per dunum), given the following information on the price of barley and the price of fertilizers, 2190215 Find the level of fertilizer application that maximize the farmer's profit.: The price of barley is (py=800+2 right digit of your registration number JD/ton), the price of fertilizers are (px =100+ 2 right digit of your registration number) JD/ton) 1- Find the MPP and APP 2- At what level of (X) will be the End of Stage I and Stage II and show the three stages of production on the graph 3- At what level of (X) that will maximize the profit, using the marginal analysis. 4. At what level of (X) that will maximize the profit, is the price of fertilizers (Px) is increased from 100 to plus 3 right digit of your registration number) JD/ton. X (Kg) 0 1 2 3 4 5 6 7 8 9 10 11 H2 12 Y (Kg) 0 9 21 36 54 70 84 92 97 98 98 93 85

The following Table shows the relationship between fertilizers applica rate in kg per dunum and barley production response to fertilization (production in kg per dunum), given the following information on the price of barley and the price of fertilizers, 2190215 Find the level of fertilizer application that maximize the farmer's profit.: The price of barley is (py=800+2 right digit of your registration number JD/ton), the price of fertilizers are (px =100+ 2 right digit of your registration number) JD/ton) 1- Find the MPP and APP 2- At what level of (X) will be the End of Stage I and Stage II and show the three stages of production on the graph 3- At what level of (X) that will maximize the profit, using the marginal analysis. 4. At what level of (X) that will maximize the profit, is the price of fertilizers (Px) is increased from 100 to plus 3 right digit of your registration number) JD/ton. X (Kg) 0 1 2 3 4 5 6 7 8 9 10 11 H2 12 Y (Kg) 0 9 21 36 54 70 84 92 97 98 98 93 85

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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As per given information, the table is completed:- (In $) Quantity Price Total Marginal Total Cost Marginal Revenue Revenue Cost 34 20 20 1 32 32 32 36 16 2 30 60 28 46 10 28 84 24 50 4 4 26 104 20 54 4 24 120 16 56 2 22 132 12 64 7 20 140 80 16 8 18 144 4 100 20 16 144 128 28 14 140 -4 160 32 (d) Generally, what are the relative values of price, ATC, and AVC when a monopolist experiences: a profit? a loss but continues to produce? a loss but ceases production? 10