Multiple Choice

A landowner and a tenant farmer are negotiating a contract. The landowner's economic surplus from any agreement is the total harvest minus the tenant's share. The landowner's initial offer gives him a surplus of 50 bushels. The tenant is considering several counter-offers, each with different work hours and shares of the harvest. Which of the following counter-offers represents the tenant's most effective strategic move?

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Updated 2025-08-20

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