So how much labor will she use for 16 units of land

Assignment Help Business Management
Reference no: EM132163692

A canola farmer produces kilograms of canola, y, using land (input 2) and labor (input 1) the Marginal Product of Labor is: (2x.5/x.5)-1 (with xon the top and x1 on the bottom) she has 16 units of land that she uses all of, and she has unlimited amount of her own labor services (her opportunity cost is 0) So how much labor will she use for 16 units of land?

 

Reference no: EM132163692

Questions Cloud

Explain the different methods of economic forecasting : Explain the different methods of economic forecasting including expert opinion, opinion polls, surveys, economic indicators
Corresponding market elasticity of demand : If the profit-maximizing markup factor in a 3-firm Cournot oligopoly is 2, what is the corresponding market elasticity of demand?
Determine an appropriate ethical response : Through integrating knowledge of ethical and legal requirements into your ethical decision-making process, you can provide a proper ethical response to ethical.
True about company leadership system : Which of the following statements is true about a company’s Leadership System?
So how much labor will she use for 16 units of land : A canola farmer produces kilograms of canola, y, using land (input 2) and labor (input 1) the Marginal Product of Labor is: (2x.5/x.5)-1
Functions responsiblities training and equipment need : Develop a TPM programe plane functions responsiblities training and equipment need?
Explain the role of money as far as motivating employees : Please use the following theories to explain the role of money as far as motivating employees is concerned: Theory X Theory Y
Profit-maximizing monopsonist : A monopsonist faces a labor supply curve given by LS = -300 + 0.01W , where W is the annual salary.
Why do you suppose the group chose the slogan : "Depression: Its an illness, not a weakness." Why do you suppose the group chose this slogan? Are those with mental illness more likely to be defined.

Reviews

Write a Review

Business Management Questions & Answers

  Why can managerial economics

Why can Managerial Economics be applied to any business decision making process, regardless of the industry?

  What is the least satisfying aspect about your job and why

What is the least Satisfying aspect about your job and why? How did you decide to pursue this field? What Skills and personal qualities do you think are important to be successful in this field?

  Government burden for primarily public safety

Discuss the government burden for primarily public safety.

  Organizational management productive failure1 sometimes

organizational management productive failure1. sometimes things go wrong and its not always a bad thing. discuss a time

  What type of strategic risk to industrial-age organizations

What type of strategic risk to industrial-age organizations are there? What company today could pose a strategic risk to to Macy's.

  E-portfolio content and construction

Each one of your 5 do's and don't's from your perspective and how it affected your authoring your e-portfolio content and construction.

  Cross-cultural communications

You will engage in your cross-cultural experience. To document your experience, prepare a 5-minute video or a PowerPoint presentation with photos (at least 6 slides) describing the experience.

  Description of audience analysis

Show a situation in which you are called on to present quarterly sales information at an in-person meeting to a group of stakeholders, including managers, salespeople, and customers.

  Case study regarding the noncompliance

Read the article, "Alarm Fatigue Sets Off Bells: Mass. Incident Highlights Need for Protocols Check" in regards to noncompliance. In a 2 to 3 page paper, discuss the following:

  Compare and contrast internal versus external customers

Internal Versus External Customers - Compare and contrast internal versus external customers

  Answer critics of improved technology

How would you answer critics of improved technology who cite negative impacts on society? original responses only

  How can innovation be recognised and rewarded

1. Which methods can a business use to communicate and promote a culture of innovation? 2. How can innovation be recognised and rewarded?

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