Maryland Farmers Turn from Tobacco to Flowers Maryland tobacco farmers will be subsidized if they switch from
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Maryland Farmers Turn from Tobacco to Flowers Maryland tobacco farmers will be subsidized if they switch from growing tobacco to growing crops such as flowers and organic vegetables.
Source: The New York Times, February 25, 2001
a. How does offering farmers a payment to exit tobacco growing influence the opportunity cost of growing tobacco?
b. What is the opportunity cost of using the equipment owned by a tobacco farmer?
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