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Assume that the following conditions hold. What action should the farmer take in each instance. a. VMPx1/v1 = VMPx2/v2 = 3 b. VMPx1/v1=VMPx2/v2 =1 c.

Assume that the following conditions hold. What action should the farmer take in each instance. a. VMPx1/v1 = VMPx2/v2 = 3 b. VMPx1/v1=VMPx2/v2 =1 c. VMPx1/v1=VMPx2/v2 = 0.2 d. VMPx1/v1=VMPx2/v2 = 0

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