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A Farm Co-Op Has Over 40,500 Gallons of Fertilizer/herbicide Available

Question 48

Multiple Choice

A farm co-op has over 40,500 gallons of fertilizer/herbicide available to use when planting corn and soybeans. The farm co-op's maximum profit for using 40,500 gallons of fertilizer/herbicide is $315,002 and the maximum profit for 40,508 gallons is $315,030. What is the profit value of each additional gallon of fertilizer/herbicide (that is, the shadow price of a gallon of fertilizer/herbicide) ? Round your answer to the nearest cent if necessary.


A) $4.00
B) $3.50
C) $3.11
D) $28.00
E) $14.00

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