This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Canada has a much lower population density than Japan. Therefore, the price of land, relative to the ... (Read 37 times)

am7272

  • Full Member
  • ***
  • Posts: 167
on: Oct 12, 2022
Canada has a much lower population density than Japan. Therefore, the price of land, relative to the price of labour, is lower in Canada than in Japan. Consider a Canadian firm and a Japanese firm, both producing rice, both having access to the same technologies, and both striving to minimize costs. Now suppose that the relative price of land rises in Canada but remains the same in Japan. The effect on the use of inputs will be to
◦ decrease the land/labour ratio for the Canadian firm.
◦ increase the land/labour ratio for the Canadian firm.
◦ decrease the land/labour ratio for both the Canadian and the Japanese firms.
◦ increase the land/labour ratio for both the Canadian and the Japanese firms.
◦ not change the land/labour ratio for either firm.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by am7272 on Oct 12, 2022

ekattan2

  • Full Member
  • ***
  • Posts: 151
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


am7272

  • Member
  • Posts: 167
Reply 2 on: Oct 12, 2022
Excellent

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Charophycean green algal relatives of the land plants. Charophycean green algal relatives of the land plants.
Buddha (Amida), Japan. Buddha (Amida), Japan.
Sources of income for U.S. population aged 65 and over. Sources of income for U.S. population aged 65 and over.
In plant fossils, stomatal density is used to estimate CO2 concentration in the atmosphere In plant fossils, stomatal density is used to estimate CO2 concentration in the atmosphere
Historical gender roles in Canada Historical gender roles in Canada
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library