Business, 23.09.2019 20:00, kiarajack456

The agricultural extension agent told the farmer that one more crop-dusting will likely add a ton of additional wheat to the harvest. the rational farmer then calculated the selling price of a ton of wheat, since he would decide to crop-dust again if and only if and only if
the marginal benefit is greater than the marginal cost of an additional crop-dusting.
the additional crops grown from one more crop-dusting (the marginal product) is rising.
the total benefits from all crop-dustings is greater than the total cost of all crop-dustings.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 02:40, ashlynchristianson

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

Answers: 3

continue

Business, 22.06.2019 17:30, SkyMelvin

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?

Answers: 1

continue

Business, 22.06.2019 20:50, fathimasaynas2975

Lead time for one of your fastest-moving products is 20 days. demand during this period averages 90 units per day. a) what would be an appropriate reorder point? ) how does your answer change if demand during lead time doubles? ) how does your answer change if demand during lead time drops in half?

Answers: 1

continue

Business, 22.06.2019 21:20, thicklooney

Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of dollars per year. the production function is upper l equals ch superscript 0.40 baseline upper n superscript 0.60l=ch0.40n0.60. beginning with c = 1, a health input of $400400 per year (hequals=44) and a nutrition input of $400400 per year (nequals=44), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. the marginal product of health expenditures when h goes from 44 to 55 is nothing, and the marginal product of health when h goes from 66 to 77 is nothing. (round your answers to three decimal places.)

Answers: 2

continue

Do you know the correct answer?

The agricultural extension agent told the farmer that one more crop-dusting will likely add a ton of...