Final answer:
This question falls under the category of Business at the College level, discussing the agricultural market and farming decision-making influenced by crop profitability and market competition.
Step-by-step explanation:
The subject of the question is related to agricultural business decisions and economic factors influencing farming practices. The scenario involves a farmer with 500 acres who needs to determine the allocation of land to different crops based on factors like man-days, preparation cost, and profit per acre. The discussion in the provided information touches upon the change in agricultural practices over 25 years due to converging prices, with particular reference to the shift from wheat to corn in response to crop profitability and market competition.
In the context of a perfectly competitive market, farmers make decisions based on the relative prices of crops, such as corn and wheat, which can alter the landscape and production over time. The large increase in corn acreage, as mentioned in the text, is probably due to its higher yield in terms of bushels per acre compared to wheat, leading to more substantial profits when the prices for these crops converge.