Purdue expert advises cost-benefit analysis before reducing corn seeding rates as nearly 20% of farmers plan cuts due to low ...
Basic scenario. Current N rate = 215 pounds per acre. Nitrogen cost is $0.50 per pound, and corn is $4 per bushel.
Understand the link between total and marginal revenue, their differences, and how to calculate marginal revenue effectively. Learn when a company should adjust production.
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