11. A severe drought has reduced a farm's crop yields significantly.The farm has already invested $15/acre in

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11. A severe drought has reduced a farm's crop yields significantly.The farm has already invested $15/acre in its wheat crop and it will cost another $15/acre to harvest it. They expect yield is 4 bushels/acre and the price is $3/bushel. The management decision is:Are we better off harvesting the crop or just leaving it in the field and starting over next year?

Harvest

Do not harvest

Indifferent between harvest or not harvest

Posted Date: Jun 23, 2024 09:01 AM

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11. A severe drought has reduced a farm's crop yields significantly.The farm has already invested $15/acre in

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