ECON 545 Microeconomic Analysis Project Uncle Dan planting organic Cropin Economics by vomms
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ECON 545 Microeconomic Analysis Project - Uncle Dan planting organic Crop
After hearing of you taking this course in business economics, Uncle Dan has e-mailed you asking for advice on his 100-acre corn farm. He mentioned how, after 30 years of growing corn, he wishes to leave that commodity's market and enter a more profitable market instead. He is thinking of planting some organic crop. But he is not sure which crop would be most profitable. He already knows that going organic requires changing some of his practices to qualify for the certification. Therefore he wants to know how much it costs to become a certified organic farmer, and which crop would be best suited for him to grow given his current equipment.
Luckily before you can find time to answer Uncle Dan's e-mail, you read the...