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

Author Question: A profit-maximizing firm will continue to employ land until (Read 21 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
on: Apr 19, 2019

Question 1

If the marginal revenue product of land is greater than its price, a firm should


◦ use more land.
◦ use less land.
◦ try to decrease the productivity of land.
◦ decrease the price it is willing to pay for land.

Question 2

A profit-maximizing firm will continue to employ land until


◦ MP
LAND = 
P
LAND.
◦ MRP
LAND = 0.
◦ MRP
LAND = 
MP
LAND.
◦ MRP
LAND = 
P
LAND.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by crazycityslicker on Apr 19, 2019

bpool94

  • Sr. Member
  • ****
  • Posts: 354
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.
Answer Preview
Only 25% of students answer this correctly


crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
Reply #2 on: Apr 19, 2019
TY


bpool94

  • Sr. Member
  • ****
  • Posts: 354
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

The Distribution of the World's Land and Population The Distribution of the World's Land and Population
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
Deforestation of Land Deforestation of Land
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ... Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ...
Model for ecosystems on land Model for ecosystems on land
Video: Exercise and cardiac output

For a complete list of videos, visit our video library