A Farm Co-Op Has Over 6,000 Acres Available to Plant

question 16

Multiple Choice

A farm co-op has over 6,000 acres available to plant with corn and soybeans. The farm co-op's maximum profit for planting 6,000 acres is $315,000 and the maximum profit for 6,008 acres is $315,320. What is the profit value of each additional acre of land? This value is called the shadow price of an acre of land. Round your answer to the nearest cent if necessary. ​

• A)​$320.00
• B)​$160.00
• C)$35.56
• D)$45.71
• E)$40.00

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