The Cost of Production on the "Bottom Forty" Is $100,000

question 47

Multiple Choice

The cost of production on the "bottom forty" is $100,000 for a given size crop.On the "north forty," due to erosion of the soil, the cost is $150,000.If both are being farmed by tenants, we would expect the rent on the "bottom forty" to be

• A)$50,000 below the rent on the north forty.
• B)$50,000 above the rent on the north forty.
• C)different from that on the north forty by an indeterminable amount.
• D)$50,000, and the rent on the north forty is $50,000.

---

Definitions:

Meetings

Are gatherings or assemblies of people, typically employees or members of an organization, for the purpose of discussing issues, making decisions, or exchanging information.

Influence

The capacity or power of individuals or groups to effect change or impact the beliefs, behaviors, or actions of others.

Communication

The exchange of information or news between people, through speaking, writing, or using some other medium.

Goal

A desired result or outcome that a person or system envisions, plans, and commits to achieve.