AGRICULTURAL ECONOMICS 



to the landlord, as rent, to what degree of intensity would 

 he farm each of the fields, A and B, if he followed his own 

 highest economic interest? To what degree of intensity if 

 he followed the highest economic interest of the landlord? 

 Explain fully how society as a whole would lose in either 

 case. 



(4) When maize is worth 35 cents per bushel and the 

 rent which must be paid for the use of the land in Field A 

 is $5.00 per acre, what is the highest rent which the farmer 

 could afford to pay for the use of the land in Field B ? 



(5) How would a rise of 20 per cent, in the cost of 

 labor and capital-goods affect the above problems? 



(6) How would the second problem (2) be affected if 

 the price of corn should rise to 40 cents per bushel and the 

 rent should at the same time rise to $4.00? 



(7) How would problem three (3) be affected if the 

 landlord should agree to take twelve and one-half bushels 

 of maize per acre instead of one-third of the crop? 



(8) Suppose that the rent of the land is $2.50 per acre 

 and that with this rent the highest average net return per 

 dollar's worth of labor and capital-goods is gained in the 

 production of maize when $8 is expended per acre, and in 

 beets when $32 is expended, and that the maize crop is 

 worth $15 per acre, and the beets are worth $48 per acre, 

 and further that the farmer can manage four times as many 

 acres of maize as of beets and that the two crops are equally 

 beneficial to the soil; which of the two crops would prove 

 the more profitable to the farmer? 



(9) Suppose that the rent rises to $5 per acre, the ex- 

 penditure on maize to $9 and that on beets to $36, and that 

 the maize crop is then worth $16.25 per acre, and the beet 

 crop $53 per acre ; which would then prove the more profit- 

 able crop to the farmer? 



(10) How would the 9th problem have been affected 

 if the price of maize had risen ten per cent, without any 

 corresponding change in the price of the beets? 



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