Business, 18.10.2019 22:20 kadinmorgan
Jane grows apples on land she inherited from her grandmother. she incurs explicit costs of $200 for the trees and $60 for fertilizers. in addition, suppose her land is otherwise worth $9,000 and her labor is worth
$20,000 (this is the amount she could earn managing someoneelse's land instead of her own). the market price of apples is $36 per box. if at this price jane produces 1,500 boxes of apple then her economic profit is
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Jane grows apples on land she inherited from her grandmother. she incurs explicit costs of $200 for...
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