Business, 13.04.2021 03:40 ctyrector

Please help me with this! I don't understand it-- Economics + 45 pts! 1. What is the Marginal Return when increasing the amount of nitrogen used from 11 bags to 16 bags? Explain how that Marginal Return number is calculated.

2. What is the Marginal Yield of Corn in Bushels when the amount of nitrogen is increased from 16 bags to 21 bags? Explain how that Marginal Yield number is calculated.

3. What is the Marginal Value of the extra corn produced when the amount of nitrogen is increased from 16 bags to 21 bags? Explain how that Marginal Value number is calculated.

4. What is the Marginal Return on the extra yield of corn when the amount of nitrogen is increased from 16 bags to 21 bags? Explain how you calculated your answer.

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