question 73 and 74 help

Partial Budget Assume a farmer is considering switching from traditional corn production on 1,000 acres to 1,000 acres of organic corn. Use the following information to analyze this decision using and the partial budget format displayed below. Variable costs, including machinery (including fuel), seeds, and fertilizer, are expected to be $10.00 per acre for traditional corn. Variable costs, including machinery (including fuel), seeds, and fertilizer, are expected to be $13.50 per acre for organic corn Labor requirements for traditional corn are 2.75 hours per acre at $16.50 per hour. Labor requirements for organic corn are 4.5 hours per acre at $16.50 per hour. . Traditional corn yields have averaged 190 bushels per acre. Organic corn yields are expected to be 160 bushels per acre. . Traditional corn prices are expected to be $4.00 per bushel. Organic corn prices are expected to be $6.00 per bushel. A) Increased Revenue C) Decreased Revenue B) Decreased Expenses D) Increased Expenses Partial Budget Assume a farmer is considering switching from traditional corn production on 1,000 acres to 1,000 acres of organic corn. Use the following information to analyze this decision using and the partial budget format displayed below. Variable costs, including machinery (including fuel), seeds, and fertilizer, are expected to be $10.00 per acre for traditional corn. Variable costs, including machinery (including fuel), seeds, and fertilizer, are expected to be $13.50 per acre for organic corn Labor requirements for traditional corn are 2.75 hours per acre at $16.50 per hour. Labor requirements for organic corn are 4.5 hours per acre at $16.50 per hour. . Traditional corn yields have averaged 190 bushels per acre. Organic corn yields are expected to be 160 bushels per acre. . Traditional corn prices are expected to be $4.00 per bushel. Organic corn prices are expected to be $6.00 per bushel. A) Increased Revenue C) Decreased Revenue B) Decreased Expenses D) Increased Expenses