A farmer uses a piece of land with the following accounting, Ask an Expert

Economics

A farmer uses a piece of land with the following accounting costs to grow a crop worth $1800. If a normal rate of return is $100 on such an investment, what will the value of the land be for use during this time period?

$150 for seed $100 for fertilizer $80 for herbicides

$20 for water $150 for labor $600 for equipment

$100 for fuel $200 for taxes

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9450676

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