Related to the Economics in Practiceon page 150: For pineapple ...

[natalie2426]

Question 1

A firm's isocost line shifts parallel inward from the original isocost line as its

◦ total cost for capital and labor increases.
◦ total cost for capital and labor decreases.
◦ total cost for capital increases and its total cost for labor decreases.
◦ total cost for capital decreases and its total cost for labor increases.

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 dependant on social learning, where the farmers based their decisions on

◦ the amount of fertilizer they used for their previously-grown maize crops.
◦ the amount of fertilizer they were given by the government.
◦ how much fertilizer their more successful neighbor farmers used.
◦ the expected value of their future pineapple crops.

[pikon]

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[natalie2426]

Excellent

[pikon]

Great! Please up vote