Q3. 10 pts total You have just taken over a ranch, and you are planning for the next year. There are no bulls on the ranch, but you plan to use bulls instead of AI. Rather than rely on the county agent or your new neighbor for a recommendation for bull numbers, based on historical records from the ranch, you have come up with the following mathematical representation relating number of bulls to conception rate for the herd: Y=40x5x2 Where Y is the number of cows that become pregnant, and X is the number of bulls turned out during the breeding season. Assume each pregnant cow is.able to wean a calf that generates $650 in gross margin. Bulls that meet your needs currently cost $7,250 each. Now, assume you are a profit maximizing producer. How many bulls are you going to purchase? Why? (FYI, you cannot purchase part of a bull). How much profit do you make with this decision? 5 pts Now assume your neighbor is interested in producing as many calves as possible. How many bulls would he recommend purchasing? Is the number of bulls you choose the same as his recommendation? Why or Why not? How much profit would you make if you followed his recommendation? 5 pts