Question
There are two types of fertilisers A and B. A consists of 12% nitrogen and 5% phosphoric acid whereas B consists of 4% nitrogen and
There are two types of fertilisers ‘A’ and ‘B’. ‘A’ consists of 12% nitrogen and 5% phosphoric acid whereas ‘B’ consists of 4% nitrogen and 5% phosphoric acid. After testing the soil conditions, farmer finds that he needs at least 12 kg of nitrogen and 12 kg of phosphoric acid for his crops. If ‘A’ costs ? 10 per kg and ‘B’ cost ? 8 per kg, then graphically determine how much of each type of fertiliser should be used so that nutrient requirements are met at a minimum cost.
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
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