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ABC firm is a moderate sized spinach grower. ABC estimates that spinach output would increase by 600 kg with an additional gallon of water provided
ABC firm is a moderate sized spinach grower. ABC estimates that spinach output would increase by 600 kg with an additional gallon of water provided to its irrigation system. Alternatively, spinach output could be increased by 500 kg with an additional 2 tons of lime fertilizers.
a) Estimate the marginal product of water and fertilizers?
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