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What is the profit of the farm

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Reference no: EM132549091

Assume that a farmer has 2.8 ha shared as follows:

Enterprise Gross margin

Cabbage in 0.4 Ha 8,000

Potatoes in 0.4 Ha 7,000

Cattle 2 Ha 50,000

Total 2.8 Ha 65,000

2.8 Ha fixed cost 7,000

Question 1: Which enterprise should the farm/farmer expand and why? What is the profit of the farm? Clearly show all analyses and interpretations.

Reference no: EM132549091

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