Productive land or the less productive land

Assignment Help Business Economics
Reference no: EM132137900

Some farm land is more productive than other land in the sense that it can grow more food per hectare. Farmers also use fertilizer to grow food (i.e. adding fertilizer increases crop yield by 10 percent) earn more revenue and hope to earn more profit. In equilibrium, would more fertilizer be used on the more productive land or the less productive land?

Reference no: EM132137900

Questions Cloud

How do you handle pressure-what are your career goals : What’s your availability? How do you handle pressure? What are your career goals?
Total benefit and total cost from a continuous activity : Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: B(Q) = 100 + 36Q - 4Q2
Create Work Breakdown Structure for Dai-Ichi SAP Cloud Pilot : ISYS302:Management of IT Systems and Projects Assignment- "Work Breakdown Structure & Project Schedules using Microsoft Project" Macquarie University, Australia
Percent below poverty level : How does the "percent below poverty level" compare to the national rate?
Productive land or the less productive land : In equilibrium, would more fertilizer be used on the more productive land or the less productive land?
How does the lower australian dollar contribute to inflation : Watch the following video clip, CPI: A surprise jump in inflation to a 2-year-high appears to have reduced the chances of further official interest rate cuts.
Policy of re-importation of prescription drugs : Why would a policy of re-importation of prescription drugs be ineffective?
What has been some of the macroeconomic impacts : What has been some of the macroeconomic impacts on Harvey Norman. Use economic analysis to describe how this impacts on profits.
Rising drug expenditures : Are the rising drug expenditures in the U.S. necessarily bad?

Reviews

Write a Review

Business Economics Questions & Answers

  Determine the advertising elasticity of demand

The follow-ing ( multiplicative exponential) demand function is being used: QD = 6,280P. - 2.15A1.05N3.70 where QD = quantity demanded, in 10 oz: boxes P = price per box, in dollars A = advertising expenditures on daytime television, in dollars N = p..

  Introduce the dream act

Introduce the Dream Act. Background information/details surrounding the Dream Act. detailed discussion of opposing positions (why some people against the Dream Act.). provide supporting information for opposing positions.

  Calculate the multifactor productivity

A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $20 per hour per employee. Each employee identifies an average of 3,600 potential leads a week from a lis..

  How microsoft responds to threat of potential competitors

Recall the Application about how Microsoft responds to the threat of potential competitors to answer the following question(s). Recall the Application. In an effort to deter entry into its key markets, Microsoft engages in:

  What is economic profit and accounting profit

Also during first year, cookie business made monetary outlays of $9,000. You may assume that re is no opportunity cost to Zach's time. What is economic profit and accounting profit.

  Derive an equation for the firm''s marginal cost function

The Deering Manufacturing Company's short-run average cost function in 2012 was AC = 3 + 4Q where AC is the firm's average cost (in dollars per pound of the product), and Q is its output rate. Derive an equation for the firm's marginal cost function.

  Annual operating costs

The setup can be sold for $1000 at the end of 8 years. Using a MARR of 8%, which setup should be chosen?

  Example of passive policy

Which one of the following is an example of passive policy? making?

  Appropriate assignment folder

Instructions: Answer all questions in a single document. Then submit to the appropriate assignment folder. Each response to a single essay question should be about a half-page in length (about 150 words).

  Compare the unemployment rate

Compare the unemployment rate in the state of New Jersey to the national average of the past four years. Compare the trends in relation to the types of unemployed workers in the state of New Jersey. Compare the trends in relation to the types of unem..

  Administering performance appraisals

Imagine yourself as an HR Manager responsible for administering performance appraisals. Which performance appraisal error would you most likely commit?

  Q 1 the cost to drive on a freeway is 0 at all times of the

q. 1 the cost to drive on a freeway is 0 at all times of the day. this cost establishes equilibrium at 3 a.m. however

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