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lectur15-page38 - soybeans 2 Assume the farmer will plant...

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38 Price of other commodities that use the same or similar set (bundle)of inputs: 1. Assume that a farmer has 100 acres of land on which he can grow corn or
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Unformatted text preview: soybeans. 2. Assume the farmer will plant the one crop that yields the greatest expected profit....
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