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I. PARTIAL BUDGETING The decision to participate in a government farm program can be analyzed with a partial budget. Assume a cotton grower wants to know if participation would increase profit. Assume it requires not planting 10% of the normal cotton acreage and in return the grower is guaranteed a price of $0.70 per lb. on 60% of normal acres. The government pays the grower the difference between \$0.70 and the average market price on these acres. Use the following information to develop a partial budget for the decision. A. Acreage, Yield and Price Information B. Other Information 1) Participating will result in a cash government payment of: 300.0 acres X 600lb. X(0.700.64)=$10,800.00 2) By not planting the 50 acres the grower will save the following expenses: 4) Figure opportunity cost on all preharvest variable costs at 8% for 6 months. Work out a partial budget on the form and answer the questions which follow. Additional Costs: Additional Revenue: Reduced Revenue: Reduced Costs: A. Total additional costs B. Total additional and reduced revenue and reduced co Net Change in Profit (B-A)