Unskilled workers in a poor cotton-growing region must choose between working in a factory for $6,000 a year and being a tenant cotton farmer. Each farmer can work a 120-acre farm, which rents for $10,000 a year. Such farms yield $20,000 worth of cotton each year. The total non-labor cost of producing and marketing the cotton is $4,000 a year. A local politician whose motto is "Working People Come First" has promised that if she is elected, her administration will fund a fertilizer, irrigation, and marketing scheme that will triple yield in her district, free of cost to the tenant farmers.Which of the following statements isFALSEin a post FIM long-run equilibrium?

Hint: Cotton is an internationally traded commodity and tenant farmers in this district are price taking perfectly competitive firms. They cannot change the international price of cotton by their individual actions! Select all that apply.

A. Assuming all else remaining constant, the international price of cotton remains constant at its previous level.

B. Lured by super-normal profits, new tenant farmers start producing cotton in this district.

C. Lured by super-normal profits, new tenant farmers start producing cotton in this district. This raises the demand for cotton.

D. The super-normal profits lure new farmers into the local area. This raises the demand for farming land in the local area.

E. In the long run, land prices equal $50,000 and the tenant farmer incurs an economic loss equal to $30,000.

F. In the long run land prices equal $50,000 per year and the tenant farmer earns a zero economic profit.