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A purely competitive cotton producer can sell any quantity of cotton he produces for €10 per kg. His five acres of land show diminishing returns because some are better suited for cotton production than others. The first acre can produce 1000 kg, the second acre 900, the third 800, and so on.
a) How much revenue will each acre generate?
b) What are the TR and MR for each acre?
c) If the marginal cost of planting and harvesting an acre is €7000 per acre for each of the five acres, how many acres should the farmer plant and harvest?
When the output is needed also when is the information which will be used within the output available? Where does the output need to be delivered? Explain how many people need to view the output?
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Write out the changes you would make to above Java program segment to print the average of the four input numbers.
Regarding the five objectives of operation management,
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When the NCAA basketball tournament will only sell tickets to all three games held at a given site as a package, it is practicing:
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