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Author Question: A profit-maximizing firm will continue to employ land until (Read 31 times)

crazycityslicker

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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
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Marked as best answer by crazycityslicker on Apr 19, 2019

bpool94

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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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crazycityslicker

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Reply #2 on: Apr 19, 2019
TY


bpool94

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Reply #3 on: Apr 19, 2019
You're welcome


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