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Q6. The following table shows a relationship between the owner of Jim's farm and the tenant who works on the farm and has equal share.
Q6. The following table shows a relationship between the owner of Jim's farm and the tenant who works on the farm and has equal share. This is a share- Rent Lease, where half of the output is paid Rent. Fertilizer costing $6 per bag and maize fetching $9 per bag. Expand the table and calculate the following: (i) Marginal cost (MC) of fertilizer (ii) Marginal revenue(MR), and (iii) tenants share of marginal revenue (iv) Briefly what's your analysis of the data (Optimum level of fertilizer use) Hint: Tenants share is a partnership business type Q6. The following table shows a relationship between the owner of Jim's farm and the tenant who works on the farm and has equal share. This is a share- Rent Lease, where half of the output is paid Rent. Fertilizer costing $6 per bag and maize fetching $9 per bag. Expand the table and calculate the following: (i) Marginal cost (MC) of fertilizer (ii) Marginal revenue(MR), and (iii) tenants share of marginal revenue (iv) Briefly what's your analysis of the data (Optimum level of fertilizer use) Hint: Tenants share is a partnership business type
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