1,000 Acre Farm Production Possibilities Homework 2022 2022 2022 2022 Price/Bushel Costs/Acre Total Crop Distribution Choices Production in Bushels Corn Beans Total Corn Beans Total Net Revenue Net Corn Beans Corn Beans $6.00 $13.00 Revenue $800.00 $400.00 Costs Corn Beans Revenue A 0 1,000 - 60,000 B 200 800 40,000 48,000 C 400 600 80,000 26,000 D 600 400 120,000 24,000 E 800 200 160,000 12,000 F 1,000 0 200,000 - 2023 2023 2023 2023 Price/Bushel Costs/Acre Total Crop Distribution Choices Production in Bushels Corn Beans Total Corn Beans Total Net Revenue Net Corn Beans Corn Beans $5.00 $14.00 Revenue $700.00 $500.00 Costs Corn Beans Revenue A 0 1,000 - 60,000 B 200 800 40,000 48,000 C 400 600 80,000 26,000 D 600 400 120,000 24,000 E 800 200 160,000 12,000 F 1,000 0 200,000