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Suppose that 20 workers were required in 2010 to produce 20,000 bushels of wheat on a 1,000-acre farm. a. What is the average output per acre? bushels per acre. What is the average output per worker? bushels per worker. b. If in 2020 only 16 workers produce 22,000 bushels of wheat on that same 1,000-acre farm, what will be the average output per acre? bushels per acre. What will be the average output per worker? Instructions: Round your answer to 1 decimal place.bushels per worker. c. By what percentage does productivity (output per worker) increase over those 10 years? Instructions: Round your answer to 1 decimal place. percent. Over those 10 years, what is the average annual percentage increase in productivity? Instructions: Round your answer to 2 decimal places. percent per year.
If the nominal interest rate is 4 percent and expected inflation is 1 percent, what is the real interest rate? Suppose instead that the nominal interest rate is 80 percent and the expected inflation rate is 40 percent.
Patrick chooses to use his time ‘free-time’: (a) working out or (b) reading. Patrick currently has 20 hours a week to allocate to these two activities. It takes Patrick 1.5 hour to work out and .5 hours to read. Draw Patrick's budget constraint and o..
Was the movies examples "Real World" and presented without any particular bias? Was anything really memorable about the films?
If hard freeze eliminates Brazil's premium coffee crop, illustrate what will happen to the price of premium coffee.
does barney have an absolute advantage in any activity. Illustrate what is Barneys relative opportinuty cost of writing one additional speeding citation.
The local government does not directly charge their residents for collecting garbage. However, the city faces increasing marginal costs of MC=1+0.7Q per ton. Residents' market benefit for garbage is MB=250-1.4Q per ton. What are the total costs to th..
Which of the following contribute to income inequality?
Estimate how companies need to bridge the gap between the current state and the e-business state.
Are these preferences consistent with the lw of diminishing marginal utility
The 2007-08 Financial Crisis was called the "Great Recession". It started here in the United States, but it had an enormous contagion effect throughout the rest of the world. Provide examples of how other countries were affected and how they managed ..
A friend wants your advice. His aunt recently left him $100,000 that he must invest in one or both of two different corporations. The current price per share of each is $100. If your friend buys 1000 shares of the first corporation, what will be the ..
The higher the percentage of debentures, the greater the risk borne by each debenture, and thus the higher the required rate of return on the debentures.
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