Q1. If the price of AA corn remains at $5.00 per bushel, determine the GM prices for which Mercer would be indifferent growing each type of corn in each farm. Can you use these break-even points r
Q1. If the price of AA corn remains at $5.00 per bushel, determine the GM prices for which Mercer would be indifferent growing each type of corn in each farm. Can you use these break-even points results to find the best combination of outputs for each farm? Why or why not?
Q2. Okay, that’s the economic analysis, but consider the nature of a family business and any strategic and ethical issues that might be important, and check with me. We want to make the right recommendation for the client.
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