Question

could you teach me how number 1 is solved?

Assignment #4: Multiple Products, Inputs, and Cost Analysis 1. Bret Bluesinger grows highbush blueberries. He wants to get a price premium for fruit pollinated by local pollinators. Local pollinators require habitat. A university entomologist provides him with data for the relationship illustrated below. The crop output (V) is blueberries (in 30-pound boxes) while the Pollination output (Z) is a service (in 100's of flowers pollinated per hour). The percentage pairs below first give the proportion of land in pollinator habitat, then the proportion of land in blueberries. So (0%, 100%) means no land in pollinator habitat and 100% of land in blueberry bushes. 250 230 210 (0%,100%) (20%,80%) (40%,60%) (60%, 40% Y - Crop output (80%,20% 150 200 100 Z-Pollination service a. (3%) What is the economic name of the curve shown here? Synergistic (Complementary products, b. (4%) What percentages of land should Bret devote to pollinator habitat and to blueberry area if he gets paid for blueberries but not for pollination services?

Answer 1

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