As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. As a result, she loses half of her productive farmland. If the property of diminishing returns applies to all factors of production, she should expect to see the marginal productivity of her remaining land a. decrease and become negative. b. increase. c. remain unchanged. d. decrease but remain positive. As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. As a result, she loses half of her productive farmland. If the property of diminishing returns applies to all factors of production, she should expect to see the marginal productivity of her remaining land a. decrease and become negative. b. increase. c. remain unchanged. d. decrease but remain positive.
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below The property of diminishing returns st... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
Students also viewed these economics questions
-
A farmer is setting up separate pens for livestock by fencing off a rectangular area and running fence to create four parallel pens. If the farmer has a total of 500 yards of fence, what is the...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Spencer Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Spencers policy is to maintain an ending inventory...
-
With AutoGIRO automating a great part of a parts manager's work, what do you think their new role should be at the dealers?
-
Describe the differences between management accounting and financial accounting.
-
On 1 January 2008, Sons and Co Ltd had an issued share capital of 200,000 ordinary 1 shares. The balance of retained profits was 20,000 and there was also a general reserve of 16,000. During the year...
-
In the chapter, we examined the difference between white and black students in the timing of when they first tried cigarettes. In this SPSS output based upon MTF11SSDS, we examine the grade when...
-
Fast computer: Two microprocessors are compared on a sample of 6 benchmark codes to determine whether there is a difference in speed the times (in seconds) used by each processor on each code are as...
-
The president of Modular Office of Brazil (MOB), the wholly owned Brazilian subsidiary of U.S.- based Modular Office Corporation receives a compensation package that consists of a combination of...
-
On January 1, 2X19, an investor acquired 20% interest in an investee enabling the investor to exercise significant influence over the investee. The identifiable assets and liabilities of the investee...
-
Briefly describe two concerns that auditors might have if a new system required redesign of organizational structures or jobs.
-
When to seek a summary adjudication?
-
What is meant by the strategic requirements of a system? How are strategic requirements related to system effectiveness? How might auditors carry out a postimplementation review of how well designers...
-
What response the opponent should make to a summary judgment motion?
-
Briefly describe two matters that auditors might investigate when evaluating how well designers studied existing product and information flows during the development of a new system.
-
17. You are reviewing a tender evaluation that is to be awarded on lowest total price. The bid evaluations follow: Company Capital Cost A $7,500 B $6,700 C $6,500 Maintenance 20% of capital cost 25%...
-
Michelles trust is subject to 3.8% surtax on the lesser of the trusts net investment income or the excess of the trusts adjusted gross income over the $12,400 threshold (the highest trust tax rate)....
-
How may the departure from the principle of recognizing revenue only at the time of the sale be justified when a company uses the percentage-of-completion method?
-
As the first auditor of the Newberg Company you discover that the following entries have been made in the property, plant, and equipment account: You discover the following additional information: 1....
-
Distinguish among the use of the terms depreciation, depletion, and amortization.
-
Do you think that people give primarily for altruistic reasons or in order to receive benefits for themselves, including warm feelings, recognition, and social approval? Might the motivations differ...
-
The Corcoran Gallery of Art was established by Washington, DC, businessman William Wilson Corcoran, an early collector of contemporary American art. The gallery was opened in 1874 in a building that...
-
Hull House was founded in Chicago in 1889 by Jane Addams and Ellen Gates Starr, with the purpose of serving Chicago's immigrants and helping the city's poorest citizens improve their lives. Hull...
Study smarter with the SolutionInn App