Question: Help before 11 AM EST 2.- (25 points) Producing potatoes requires using land, T, with a price of $25 per acre, and hours of work,

Help before 11 AM EST

Help before 11 AM EST 2.- (25 points) Producing potatoes requires using

2.- (25 points) Producing potatoes requires using land, T, with a price of $25 per acre, and hours of work, H. The hourly wage is $1. Using T acres of land and H hours of labor, a farmer can obtain 10(H x 13% bushels of potatoes. a) What is the marginal cost (function) of potatoes? b) For a farmer who has 10 acres of land (and cannot buy or sell land in the short run), what is the minimum price ofa bushel of potatoes that allows her to not make losses in the short run? Would she stop producing potatoes (in the short run) at any positive price

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