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Answer to Question #87418 in Microeconomics for Boakai
Question #87418
b. If the marginal cost of planting and harvesting an acre is $27,000 per acre for each of the five acres, how many acres should the farmer plant and harvest?
Expert's answer
If MC = $27,000 per acre for each of the five acres, then the farmer should plant and harvest such number of acres, for which MR = MC.
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