Uncertainity of weather conditions

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Reference no: EM1383913

As an agronomist you have been approached by a large pepper farmer who wishes to determine an appropriate"yield goal" fot this season. He provides you with yield data for ten year period which indicates that his production has been slowly decreasing. weather forcast for the area were unavailable .

1) Explain the opportunity cost associated with lower input levels.

2) Explain the dilema associated with uncertainity of weather conditions. 200 -250 word limit.

Reference no: EM1383913

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