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rizumidancer rizumidancer
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5 years ago

An agribusiness firm may undertake three alternatives: buy cane sugar and manufacture various sugars and sweets, making a profit of $12 million; buy corn and produce ethanol, making a profit of $16 million; or buy wheat and produce breads, rolls, and pastries, making a profit of $13 million. The opportunity cost associated with these three choices is



• $3 million.

• $4 million.

• $13 million.

• $16 million.
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
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Jacobian S.Jacobian S.
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5 years ago
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rizumidancer Author
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5 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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