Think Break 9

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Unformatted text preview: ers should you stock if the expected selling price is $90/cwt and steers cost $495 each? Answer: 70 steers, since an additional steer costs $495, which equals the value of the marginal product generated by the added steer (rx = VMPx)...
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This note was uploaded on 08/08/2008 for the course AAE 320 taught by Professor Mitchell during the Spring '08 term at Wisconsin.

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