Advantage of using capital in the production

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Reference no: EM1323064

Q. A wheat farm has a long-term lease on 5000 acres of land. The yearly lease payment is $250,000. Prior to planting in the spring of 2009, the farm economist predicted which the farm would have $135,000 dollars left after paying all of its costs except the yearly lease payment. In this case, the farm should

Q. Illustrates what the advantage of using capital in the production? Illustrate what is mean by the term division of labor? Illustrate what are the advantage of specialization in the utilize of human also material resource? Explain why exchange is the necessary consequence of specialization.

Reference no: EM1323064

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