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Author Question: Canada has a much lower population density than Japan. Therefore, the price of land, relative to the ... (Read 26 times)

ninaj

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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 their costs. The Canadian firm will use the two inputs, land and labour, in such a way that its land/labour ratio is
◦ lower than that of the Japanese firm.
◦ equal to that of the Japanese firm.
◦ equal to one.
◦ higher than that of the Japanese firm.
◦ indeterminate as there is insufficient information to know.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ninaj on Oct 12, 2022

AarionnaH

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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.
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ninaj

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

bulacsom

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Reply 3 on: Yesterday
Excellent

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