Business, 26.10.2019 01:43, sandyykn192
At the beginning of the growing season, cecil planted 17 acres of wheat at a cost of $5,057. now it is harvest time. each acre will produce 48 bushels of wheat, and wheat sells for $4.75 per bushel. harvesting the wheat will cost cecil$1,702.
the total cost of harvesting wheat is $
the marginal cost of harvesting wheat is $
the marginal benefit of harvesting wheat is $
what does cost-benefit analysis suggest that cecil do?
1. cecil should harvest the wheat because marginal benefit exceeds marginal cost.
2. cecil should not harvest the wheat because total cost excceds marginal benefit
3.cecil should not harvest the wheat because marginal benefit exceeds marginal cost
4.cecil should not harvest the wheat because marginal cost exceeds marginal benefit
Answers: 1
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At the beginning of the growing season, cecil planted 17 acres of wheat at a cost of $5,057. now it...
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