Business, 30.10.2020 18:10, lindseyreneesmith7

3) Suppose the household earns 40% of their income by selling a cash crop, spends nothing on inputs, and consumes none of the cash crop. Rest of the 60% of their income received by selling their family labor. If the price of the cash crop rises by 20 percent and wage rate increases by 15%, calculate: a. Net rice sales as fraction of total consumption expenditure

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3) Suppose the household earns 40% of their income by selling a cash crop, spends nothing on inputs,...