Question
in 2020, I.M. Farmer's net farm income is $50,000 and the return to equity is 0.5% while the opportunity cost of equity capital is 4%.
in 2020, I.M. Farmer's net farm income is $50,000 and the return to equity is 0.5% while the opportunity cost of equity capital is 4%. You conclude:
a. the farm is profitable
b. the farm is not profitable
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
