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A farmer was late getting soybeans planted and an early frost hit the crop before the crop had matured. The harvest costs are $ 4

A farmer was late getting soybeans planted and an early frost hit the crop before the crop had matured. The harvest costs are $40 per acre and the revenues would be $60 per acre if harvested. Prior to the frost, $106 per acre was invest
Harvest the soybeans and sell the soybeans for s$60 per harvested acre.
b.
Abandon the crop beacuse the farmer cannot cover all variable expenses.
c.
Rent the field to a neighbor for $10 per acre touse as sheep grazing, instead of harvesting the crop.
d.
Plant corn next year instead of beans.
e.
Harvest half of the acres and abandon the other half.

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