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  • 1. Which farmer would be able to produce corn at a lower cost?
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  • 2. If farmer A has to pay $8 per hour for labor, what would Farmer A\'s labor cost be to produce 1 bushel of wheat? (round your answer to the nearest cent)
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  • 3. If farmer B has to pay $8 per hour for labor, what would Farmer B\'s labor cost be to produce 1 bushel of wheat?
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  • 4. If Farmer A only had to pay for labor and didn\'t have to pay for corn seed, fertilizer, or land, what would his/her cost be for producing a bushel of wheat?
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  • 5. If Farmer B only had to pay for labor and didn\'t have to pay for corn seed, fertilizer, or land, what would his/her cost be for producing a bushel of wheat?
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  • 6. Who can sell cheaper corn to consumers?
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