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supposed are you on a 20 acre plot of land that you would like to bring out to wheat farmers for them bringing in a
supposed are you on a 20 acre plot of land that you would like to bring out to wheat farmers for them bringing in a harvest involves $35 per acre for seed $80 per acre for fertilizer and $70 per acre for equipment rental and labor with these improvements the land will yield 40 bushels of wheat per acre.
Suppose that you own a 20-acre plot of land that you would like to rent out to wheat farmers. For them, bringing in a harvest involves $35 per acre for seed, $80 per acre for fertilizer, and $70 per acre for equipment rentals and labot. With these inputs, the land will yield 40 bushels of wheat per acre. Instructions: Enter your answers as a whole number. a. If the price at which wheat can be sold is $6 per bushel and if farmers want to earn a normal profit of $10 per acre what is the most that any farmer would pay to rent your 20 acres? b. What price would the farmer pay to rent your 20 acres if the price of wheat rises to 57 per bushel $ A. If the price at which we can be sold is $16 per Bushel I need farmers going to earn a normal process of $10 per acre what is the most there any farmer would pay to buy a 20 acres?
B. what price would the farmer pay to rent your 20 acres if the price of oil rises to seven dollars per bushel?
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