Calculate the average product of grain

Assignment Help Econometrics
Reference no: EM13239423

Based on data obtained by department agriculture, the relationship between Cows Total output Of milk & amount of grain It is fed is as Follow:
Mount of grain(1200/1800/2400/3000) Amount of milk (5917/7250/8379/9317)

A)calculate the average Product of grain when each amount Is used?

B)Estimant the marginal product Of grain When between 1200,and 1800 pound are fed, when between 1800, and 2400 pound are fed, and when between 2400, and 3000 pound are fed?

Reference no: EM13239423

Questions Cloud

Explain mass of solvent per liter of solution : A. mass of solvent per liter of solution. B. mass of solute per liter of solution. C. mass of solute per liter of solvent. D. moles of solvent per liter of solute. E. moles of solute per liter of
How to produce linear combination of chickens and potatoes : Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes
Find the charge on each capacitor : Two capacitors (C1 = 6.00 µF and C2 = 11.0 µF) are now connected in series and to a 9.00-V battery, Find the charge on each capacitor
Explain the initial concentration of a potassium hydroxide : What is the initial concentration (in M) when 15.3 mL of a potassium hydroxide solution was diluted with 15.1 mL of solvent to a final concentration of 0.561 M? Assume the volumes are additive.
Calculate the average product of grain : Based on data obtained by department agriculture, the relationship between Cows Total output Of milk & amount of grain It is fed is as Follow: Mount of grain(1200/1800/2400/3000) Amount of milk (5917/7250/8379/9317)
Find the magnitude of the force on the electron : A uranium and iron atom reside a distance R = 51.10 nm apart. The uranium atom is singly ionized; the iron atom is doubly ionized, What is the magnitude of the force on the electron from the uranium ion
Determine the growth rate of technology : A country has a growth rate of 5%, a labor growth rate of 7%, and a net investment growing at 5%. The production function is Cobb-Douglas with CRS and a capital share of 1/3. Determine the growth rate of technology.
What long run adjustments should the anticipate : You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students.
How far is it moved vertically and horizontally : A heavy piece of machinery is raised by sliding it a distance d = 15.0 m along a plank oriented at angle ? = 30° to the horizontal, How far is it moved vertically and horizontally

Reviews

Write a Review

Econometrics Questions & Answers

  How to identify the explicit versus implicit costs

You have worked as a real estate agent for 10 years and are earning about $100,000 per year with your current agency. You prepared the following information to use in evaluating the financial feasibility of starting your own agency.

  Determine the pauls production possibility frontier

Paul can make either "100 bottles of wine and 0 boxes of chocolates" or "0 bottles of wine and 1600 boxes of chocolates" or a combination of wine and chocolates. For parts of this question assume that Paul's PPF reflects the property of constant o..

  By how much would the economys money supply increase

a. If the Fed requires banks to hold 5 percent of deposits as reserves, how much in excess of reserves does First National now hold b. Assume that all other banks only the required amount, by how much would the economy's money supply increase

  Determine the total quantity of monthly accounts

In a local market, the monthly price of internet access service decreases from $30 to $20, and the total quantity of monthly accounts across all internet access providers increases from 90,000 to 190,000.

  Why would you hire the new sales associate

Suppose you are considering adding another sales associate to the floor. Your current total sales are $40,000 per day and your cost of sales, including the sales associates are $66,000 per day. The new sales associate should increase sales

  What is the profit-maximizing number of sheep to own

What is the profit-maximizing number of sheep to own for the 10 farmers Q7. What is your optimal choice if the other 9 farmers choose to own 5 sheep Q8. What is your optimal choice if the other 9 farmers choose to own 6 sheep Q9. What is your opt..

  Calculate the labor-force participation rate

Suppose that the country of Bigu has a population of 127 million, of which 83 million are in the working-age population. Of those, 25 million are not in the labor force and 52 million are employed. a Calculate the working-age population as a percen..

  Determine price of soda pop sold at your stand in dollars

Amalgamated Popcorn, Inc. is a fairly small firm selling bags of flavored gourmet popcorn in a popular mall. As shop owner and operator, you have observed that your daily sales tend to follow a pattern that can be stated as: QP = 500 - 100PP + 1.2..

  Draw the production possibility frontiers for two countries

country A has 1500 units of labor and can produce two goods, manufactures and food. A's producers take 5 units of labor to produce one unit of manufactures and 6 units to produce one unit of food.

  What percentage of the days was trading volume

The average number of shares traded daily on the New York Stock Exchange during the past year was 1.9 million. If the distribution of daily trading volume is approximately normal, with a center at 1.9 million shares and a standard deviation of .25..

  Calculate total and partial productivity measure of labor

Various financial data for 2007 and 2008 follow. Calculate the total productivity measure and the partial measures for labor, capital, and raw materials for this company for both years. What do these measures tell you about this company 2007 2008

  Explain what is the effect on the equilibrium wage

Suppose that the demand curve for accountants isED=20-W. The supply curve isES=2+2W. a. Graph the demand and supply curves. What is the equilibrium wage and number of accountants hired b. Suppose California taxes accountants $2.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd