1) What is the profit maximizing level of output and input? 2) What is the profit at the input and output levels you answered in (1) above? Should the business owner continue producing or not? Explain. 3. Freda farmer can invest capital in S100 increments and has three alternative uses for the capital as shown in the following table. The values in the table are the marginal value products for each successive $100 of capital invested. Capital invested Fertilizer (S) Seed (5) Chemicals (5) First $100 Second $100 Third $100 Fourth $100 Fifth $100 400 300 250 150 100 250 200 150 350 300 250 200 150 105 90 a) If Freda has an unlimited amount of her own capital available and no other alternative uses for it, how much should she allocate to each alternative? How much is the total capital invested for all three inputs in this case