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Unformatted text preview: If we find that soybean production is $40 per acre more expensive than corn production, then we would be indifferent as to which crop to really put in the ground. Why? Because there would be not difference in the profitability of the two alternatives. If we find that soybean production is $30 per acre more expensive than corn production, then we would plant soybeans because we would make $10 more per acre than planting corn....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10