Question
hello, How am I able to figure out how to get the additional pounds of tomatoes? To earn extra money in the summer, you grow
hello,
How am I able to figure out how to get the additional pounds of tomatoes?
To earn extra money in the summer, you grow tomatoes and sell them at a local farmers' market for $0.15 per pound. By adding compost to your garden, you can increase your yield as shown in the table below.
Instructions:Determine the number of additional pounds of tomatoes you are able to grow by using each additional pound of compost.Then compute the additional revenue (or marginal benefit) from each additional pound of compost.Enter your responses in the table below, rounding the marginal benefit of each pound of compost to two decimal places.
Pounds
of compost Pounds
of tomatoes Additional pounds of tomatoes Additional revenue (or marginal benefit)
0 100
1 120 20 correct $3.00 correct
2 125 5 correct $0.75 correct
3 128 3 correct $0.45 correct
4 130 2 correct $0.30 correct
5 131 1 correct $0.15 correct
6 131.5 0.5 correct $0.08 correct
If compost costs $0.40 per pound and your goal is to make as much profit as possible, how many pounds of compost should you add?
You should add3pounds of compost.
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