Unformatted text preview: $9 / acre, because I am forgoing the opportunity to make $9 / ac. in order to make $10 / ac. Therefore economic profit from raising soybeans is : $10 / ac. - $9 / ac. = $1 / ac....
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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
- Opportunity Cost