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Karla wants to grow spinach. 1 pound of Fertilizer(F) produces 20 spinach or 1 pound of Manure(M) produces 30 spinach. They are perfect substitutes. So we know Q=20F+30M

Now Karla wants to produce 300 spinach at the least possible cost given that:

1 pound of Fertilizer costs $5 and 1 pound of Manure costs $10. explain to me how to minimize the cost.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9497036

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