Mr. Greengene grows corn on the land he rents from Lauren, initially at a price of $500 per hectare. Suppose Mr. Greengene develops a new method for growing corn that decreases the growing cost by $300 per hectare. Lauren rejoices, citing the leftover principle as she counts on collecting $800 in rent instead of $500.
a. Greengene's rent will increase by $300 per hectare if:
b. Greengene's rent will be unchanged if:
Answers: 1
Other questions on the subject: Business
Business, 23.06.2019 02:30, d1Dej
Markets and competition in a perfectly competitive market, all producers sell identical goods or services. additionally, there are many buyers and sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are pricetakers . true or false: the market for lettuce does exhibit the two primary characteristics that define perfectly competitive markets. true false
Answers: 2
Business, 23.06.2019 02:30, hgghukghj1814
When the price of pencils increases from $1.50 to $2.50, there is an increase in quantity demanded of pens from 100 to 150. the cross-price elasticity of demand between pencils and pens is: ?
Answers: 3
Business, 23.06.2019 21:00, rainbowboi
Which of these statements regarding organizational buyers is most accurate? a. wholesalers and retailers resell the goods they buy without reprocessing them?
Answers: 2
You know the right answer?
Mr. Greengene grows corn on the land he rents from Lauren, initially at a price of $500 per hectare....
Questions in other subjects:
History, 10.01.2020 02:31
Mathematics, 10.01.2020 02:31
Mathematics, 10.01.2020 02:31
Mathematics, 10.01.2020 02:31
Mathematics, 10.01.2020 02:31
Mathematics, 10.01.2020 02:31
