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Author Question: Related to the Economics in Practiceon page 150: For pineapple farmers in Ghana, the choice of how ... (Read 42 times)

magmichele12

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on: Apr 19, 2019

Question 1

Assume that the relative prices of capital and labor have not changed. As a firm's expenditures for capital and labor decrease, its isocost line


◦ shifts out parallel to the original isocost line.
◦ shifts in parallel to the original isocost line.
◦ rotates outward on the 
Y-intercept.
◦ rotates outward on the 
X-intercept.

Question 2

Related to the 
Economics in Practice on page 150: For pineapple farmers in Ghana, the choice of how much fertilizer to use was highly dependent on how much fertilizer their more successful neighbor farmers used. This process of technology adoption is referred to as


◦ trial and error.
◦ capital-intensive adaptation.
◦ social learning.
◦ mass production.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by magmichele12 on Apr 19, 2019

Danny Ewald

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Reply #1 on: Apr 19, 2019
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.
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magmichele12

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Reply #2 on: Apr 19, 2019
Thank you!


Danny Ewald

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Reply #3 on: Apr 19, 2019
Always glad to help...


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