(Answered) The farmer initially grows 1057 acres of wheat and 0 acres

Economics

A farmer grows either corn or wheat on her 1,057-acre farm. Initially, the prices of both are equal to $207 per acre harvested.

The farmer initially grows 1,057 acres of wheat and 0 acres of corn. Suppose the price of corn increases by $102 per acre harvested.

How much does the farmer's revenue change by if she continues to grow wheat even after the price of corn increases?

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Macroeconomics, Economics

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