Answered step by step
Verified Expert Solution
Question
1 Approved Answer
La Hacienda Musa Conventional Bananae Hectares 100 Yield (Tonnes/Hectare) Price (Per tonne) Revenue per hectare Organic Bananas Yield (Tonnes/Hectare) Price premium Price (Per tonne)
La Hacienda Musa Conventional Bananae Hectares 100 Yield (Tonnes/Hectare) Price (Per tonne) Revenue per hectare Organic Bananas Yield (Tonnes/Hectare) Price premium Price (Per tonne) Revenue per hectare Cost (per Hectare) Profit per hectare Conventional Organic Difference Organic more profitable (yes = 1) 10.0 220.0 $2,200 Conventional Yield ConventionalPrice 9.2 15.0% $253=(1+OrganicPricePremium) ConventionalPrice $2,328 OrganicYield" OrganicPrice 1,800.0 $400 Conventional Revenue/Hectare-ConventionalCost/Hectare $528-OrganicRevenue/Hectare-Organic Cost/Hectare -$128 ConventionalProfit/Hectare-OrganicProfit/Hectare 1IF(OrganicProfit/Hectare Conventional Profit/Hectare,1,0) Hectares planted Conventional Organic 0 100 Total Profit: Profit $0 ConventionalProfit/Hectare ConventionalHectaresP $52,760 OrganicProfit/Hectare OrganicHectaresPlanted $52,760 What is the expected profit if Maria plants 100 Hectares of organic bananas? $82,451
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started