a small dairy produces and sells milk generating 431000 in annual revenue. the dairy previously rents cows to make its own milk from a nearby cow farmer for 190000 per year. the dairy decided to purchase the cow farm for 1 million and raise them themselves, at an annual operating cost of 114000. assuming no dairy sales were affected by the purchase, how much would GDP change as a result?

a small dairy produces and sells milk generating 431000 in annual revenue. the dairy previously rents cows to make its own milk from a nearby cow farmer for 190000 per year. the dairy decided to purchase the cow farm for 1 million and raise them themselves, at an annual operating cost of 114000. assuming no dairy sales were affected by the purchase, how much would GDP change as a result?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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