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

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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

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