latriecegibson69 latriecegibson69

20-04-2024
Mathematics

Answered

Assume that a perfectly competitive firm grows and sells almonds and uses land as its only variable input. The firm's per-acre input-output schedule is shown below. If the firms lad cost $210 an acre and the firm sells almonds for $14 per kilogram, how many acres should the firm use to maximize profit?

Answer :

angel0741 angel0741

20-04-2024

Answer:

[tex]14 \div 210 = 0.66666663[/tex]

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