Suppose That the Production of Wheat Requires Two Inputs, Labor

question 174

Multiple Choice

Suppose that the production of wheat requires two inputs, labor and fertilizer. The price of labor is $4.50, and the price of fertilizer is $3.00. A farmer is currently employing the inputs such that the marginal product of labor is 11 and the marginal product of fertilizer is 8. If the farmer is a cost-minimizer, he should

• A)use more labor and less fertilizer.
• B)use more fertilizer and less labor.
• C)use more labor and more fertilizer.
• D)continue using the same amounts of each input.

Acknowledge the necessity of a main disconnect switch for PLC system safety.

Distinguish between different override instructions and their applications.

Understand the sources and evidence for studying ancient Egyptian society.

Recognize the artistic and religious symbolism in Egyptian art and architecture.

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Young Adults

Individuals who are in an age group that bridges adolescence and full-fledged adulthood, typically covering those in their late teens to early thirties.

Women More Likely

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The situation in which individuals, often adults, reside in their parents' household, either by choice or necessity.