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Author Question: A farm is able to produce 9,000 pints of strawberries per season on 10 acres. It adds one more acre ... (Read 97 times)

luvbio

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on: Jun 30, 2018
A farm is able to produce 9,000 pints of strawberries per season on 10 acres. It adds one more acre and is able to produce 12,000 pints per season. The marginal product of land for this farm is:
 a. 900 pints per acre per year.
  b. 1,000 pints per acre per year.
  c. 3,000 pints per acre per year.
  d. 12,000 pints per acre per year.

Question 2

The value of a country's final goods and services after adjusting for changes due to inflation is called its _____.
 a. real GDP
 b. nominal GDP
 c. disposable income
 d. net national product
 e. full employment output


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daiying98

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


luvbio

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Reply 2 on: Jun 30, 2018
Excellent

flexer1n1

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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