explain how farm size can affect production on farms?
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Explanation:
More specifically, increasing farm size reduces the output per unit of land but larger farms have higher output per unit of labor. Further income fluctuations decline with increasing farm size while the risk of aggregate production increases with increasing farm size. The effects can be large.
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More specifically, increasing farm size reduces the output per unit of land but larger farms have higher output per unit of labor. Further income fluctuations decline with increasing farm size while the risk of aggregate production increases with increasing farm size. The effects can be large.
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