Chapter 15 - Assignment 1: Farms, Fertilizer, and Economic Analysis
The Alberta Agriculture Department (Canada) distributes a software program (AFFIRM) that is
designed to assist farmers in determining an optimal level of fertilizer. Read
Len Kryzanowski's brief description of the AFFIRM program.
- In this software program, what decision rule is used to determine the optimal level of fertilizer usage? Is this rule
consistent with profit maximization?
- According to this document, how do other fertilizer recommendation programs work? The author suggests
that these other programs overstate the amount of fertilizer that should be used. Why?
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