If the price of beef was $45.00 what is the optimum number of cows and the profit or loss at that number and price? Ans. Cows Ans. Profit/Loss At some point the price of beef could be so low that you would be better off with no cows and leaving the pasture idle. This would happen whenever the price of beef was below what value? Ans. to make 225 the optimum number of cows. The price of beef would have to be at least $

If the price of beef was $45.00 what is the optimum number of cows and the profit or loss at that number and price? Ans. Cows Ans. Profit/Loss At some point the price of beef could be so low that you would be better off with no cows and leaving the pasture idle. This would happen whenever the price of beef was below what value? Ans. to make 225 the optimum number of cows. The price of beef would have to be at least $

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 13PA

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