Chapter 10 assignment x c | on t secure l eztomleducation. con, hintpx problem 10-2 a purely competitive wheat farmer can sell any wheat he grows for $10 per bushel. his five acres of land show diminishing retums, because some are better suited for wheat production than others. the frst acre can produce 1000 bushels of wheat, the second acre 900, the third 800, and so on. in the table given below answer the following questions. how many bushels will each of the farmer's five acres produce? how much revenue wil each acre generate? what are the tr and mr for each acre? t acre's yield t acre's revenue tr mr 50 if the marginal cost of planting and harvesting an acre is $7000 per acre for each of the five acres. how many acres shouid the farmer plant and references ebook & resources leaming objective: 10-05 explain how purely competitive firms can use the narginal-cost approach to maximize profnts or minimize losses in the short rn numeric response problem 10-2 /2018 q type here to search