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According to the leftover principle you will pay me $300

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Suppose that Mr. Greengenes, a farmer and genetic engineer, develops a new method for growing corn that decreases the cost of growing corn by $300 per acre. Greengenes’ landlord rejoices, saying, “According to the leftover principle, you will pay me $300 more in rent.” Is the landlord correct?

Reference no: EM13338313

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