Problem
You are the CEO of large-scale corporate farms, and your managers run two farms in neighboring counties. Your chief financial officer reports that in both Rice and Reno counties, farm labor can be hired for $7.36 per hour, farm equipment can be rented for $433 per hour, and land can be rented for $50 per acre. She also reports that the MRTSLK in Rice county is higher than the MRTSLK in neighboring Reno county. Are you minimizing your costs? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.