A private farmer hesitates in considering buying new machines to work on his land. The cost of
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Question:
A private farmer hesitates in considering buying new machines to work on his land. The cost of the new machines is K. Without new machines, the output on his land is Ta, where T stands for land. With new machines, output will be bTa, where b > 1. Calculate the amount T above which it is profitable to use the new technology.
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