A famer develops and patents a new method for growing corn, Ask an Expert

Economics

A famer develops and patents a new method for growing corn that decreases the cost of growing corn by $300 per acre. thereby increasing his profits from growing corn. According to ____principle. The farm argues that he should keep the entire $300 per acre.

(a) Marginal

(b) Big rent

(d) leftover

(e) Demand

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91400989

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