Question
Fill in the tables and answer the questions that follow: (7 pts.) Output Substitution Table Planting Cucumbers Potatoes Substitution Mix Ratio #1 0 1550 xxx
- Fill in the tables and answer the questions that follow: (7 pts.)
- Output Substitution Table
| Planting | Cucumbers | Potatoes | Substitution |
| Mix | Ratio | ||
| #1 | 0 | 1550 | xxx |
| #2 | 400 | 1425 |
|
| #3 | 530 | 1380 |
|
| #4 | 700 | 1300 |
|
| #5 | 950 | 1100 |
|
| #6 | 1100 | 950 |
|
| #7 | 1200 | 750 |
|
- Profit Ratio Table
|
| Profit of Cucumbers | Profit of Potatoes | Profit Ratio |
| i. | $2.00 | $1.00 |
|
| ii. | $1.50 | $3.19 |
|
| iii. | $2.00 | $2.00 |
|
| iv. | $2.00 | $5.50 |
|
-
- What is the optimum planting mix for each of the following profit sets?
- _____________
- _____________
- _____________
- _____________
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Accounting And Causal Effects Econometric Challenges
Authors: Douglas A Schroeder
1st Edition
1441972242, 9781441972248
