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 $315,009 and the maximum profit for 40,508 gallons is $315,034. 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) $3.57
B) $3.13
C) $2.78
D) $25.00
E) $12.50
Correct Answer:
Verified
Correct Answer:
Verified
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