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QUESTION
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 t
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?
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