Question
Consider the production function of maize output as follows: Y= 100 + 400x - 22, where Y = maize output (kg) and X = fertilizer
Consider the production function of maize output as follows: Y= 100 + 400x - 22, where Y = maize output (kg) and X = fertilizer application (kg), calculate the a) Level of input that will maximize maize output. [4] b) Optimum quantity of maize that could be produced.
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International Business
Authors: Michael Czinkota, Iikka A. Ronkainen, Michael H. Moffett
8th edition
470530658, 470530650, 978-0470530658
