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Author Question: Canada has a much lower population density than Japan. Therefore, the price of land, relative to the ... (Read 45 times)

am7272

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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 costs. Now suppose that the relative price of land rises in Canada but remains the same in Japan. The effect on the use of inputs will be to
◦ decrease the land/labour ratio for the Canadian firm.
◦ increase the land/labour ratio for the Canadian firm.
◦ decrease the land/labour ratio for both the Canadian and the Japanese firms.
◦ increase the land/labour ratio for both the Canadian and the Japanese firms.
◦ not change the land/labour ratio for either firm.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by am7272 on Oct 12, 2022

ekattan2

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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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am7272

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Reply 2 on: Oct 12, 2022
Excellent

Liamb2179

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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