Two similar farms could have the same return to management, Microeconomics

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Two similar farms could have the same return to management

Two similar farms could have the same return to management but different net farm income due to:

differences in prices paid for inputs purchased

differences in amount of unpaid labor and equity capital used

differences in physical efficiency

differences in prices received for products sold

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Microeconomics: Two similar farms could have the same return to management

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Microeconomics: Two similar farms could have the same return to management

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