From a resource standpoint, the important point of this comparison is that including the marginal external costs of production and allocating resources based on the full social cost results in a higher price for the good (Ps > Pp) and less output (Os < Op) than only including the private costs.
Today, the nation's farmers are 17 years older than the average American worker, with the ranks of farmers who are 75 years and up outnumbering those in their prime working years of 35 to 44. One big reason U.S. farmers are going gray: spiraling costs.
What the legal age to work in Nebraska?   In jobs that are not considered particularly hazardous, the FLSA sets the normal minimum age for employment in agriculture at 14 years, whereas in every other industry tâ¦he normal minimum age is 16 years; 18 years for hazardous work. 3 people found this useful.