Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. please answer 1-3. thank you table 2 shows the

please answer 1-3. thank you Table 2 shows the data on irrigated...

60.1K

Verified Solution

Question

Finance

please answer 1-3. thank you image
Table 2 shows the data on irrigated agricultural yields for rice. The crop yield varies with respect to the water applied per hectare. The capital cost to grow a hectare of rice is $3,160. The current market price for a ton of rice is $325 per ton. 1) Estimate the benefits for each type of irrigation water allocation 2) Estimate the net benefits per acre for each water allocation Cost to Net grow rice Benefits ($/acre) Water Probability Allocation of (acre-feet) Allocation 0.2 2 0.3 3 0.3 4 0.2 benefits (S/acre) Table 2 Crop Yield (ton/acre) 6.5 10 12 11 (S/acre) $3,160 $3,160 $3,160 $3,160 Market Price of Rice (S/ton) $325 $325 $325 $325 3) Estimate the expected net benefits using the probability of allocation and the Net Benefits

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The stockholders’ equity accounts of Flint Company have the following balances on December 31, 2020. Common...

Accounting
Q

The curve ?y = ?(25-x^2), ??2 ? x ? 3, ?is rotated about the x-axis. Find...

Basic Math
Q

Let T : Rn →Rm be a linear transformation. (a) If {v1,v2,...,vk} is a linearly dependent...

Advance Math
Q

a. If a Bragg angle of 41.31o 2-theta is observed for a first order peak from...

Chemistry
Q

18 A projectile thrown with initial velocity 20 m s at an angle 60 with...

Physics
Q

1 Match the Vocabulary word with the definition below 18 pts 1 Payroll Taxes V...

Basic Math
Q

Anne Hathaway has just bought the Shakespeare Apartments in the growing community of...

Accounting
Q

Mastery Problem: Financial Statement Analysis Liquidity and Solvency Measures Your friend, another accountant, has bet...

Accounting
Q

What are the retained earnings of Revlon, Inc for the year 2018 given the balance...

Accounting
Q

18. help Internal Rate of Return Method for a Service Company Vail...

Accounting
Q

Current Attempt in Progress Crane Company began March with a $21,420 balance in Work in...

Accounting
Q

Required information P4-2 (Algo) Recording Adjusting Entries L04-1 [The following information applies to the questions...

Accounting