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A wheat farm has a long-term lease on 5000 acres of land. The annual lease payment is $250,000. Prior to planting in the spring of 2009, the farm economist predicted that the farm would have $135,000 dollars left after paying all of its costs except the annual lease payment. In this case, the farm should?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M974670

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