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Business, 24.07.2020 01:01 chhimmidemg

Suppose a farmer is deciding how many acres to spray. The crop duster charges $7 per acre. The total benefit of spraying is given by the following chart: No. of Acres Total Sprayed Benefit ($) 00 1 12 2 22 3 30 4 37 5 42 Marginal Benefit Total Marginal Cost Cost Net Gain a. Fill in the remaining columns of the chart. b. Use Method I to determine how many acres the farmer should spray. c. Use Method II to determine how many acres the farmer should spray. d. If the crop duster adds a fixed fee of $5 to come out to the farm, how many acres should the farmer spray

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Suppose a farmer is deciding how many acres to spray. The crop duster charges $7 per acre. The total...
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