12. A decrease in the supply of farm tractors will cause all but which of the following?...

Question:

12. A decrease in the supply of farm tractors will cause all but which of the following?

a. an increase in the rental rate for tractors

b. c.

d. an increase in the value of the marginal product of tractors an increase in the wage of farmworkers a decrease in the rental rate of farmland

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

ISBN: 9783030019983

5th Edition

Authors: David R. Hakes

See More Books

Question Posted: Nov 15, 2024 05:00 AM

See More Questions

Unfiltered olive oil must flow at a minimum speed of 3.0 m/s to prevent settling of debris in a pipe. The oil leaves a pump at a pressure of 88 kPa through a pipe of radius 9.5 mm. It then enters a...
What are stock photos?
A pendulum is constructed by attaching a mass m to an extension less string of length l. the upper end of the string is connected to the uppermost point on a vertical disk of radius R (R R
12. A decrease in the supply of farm tractors will cause all but which of the following? a. an increase in the rental rate for tractors b. c. d. an increase in the value of the marginal product of...
Which preventive, detective, and/or corrective controls would best mitigate the following threats? a. An employees laptop was stolen at the airport. The laptop contained personally identifying...
Can you give me the timing? in a practical process, for example, a corporation distributed $150,000 to its shareholders at 12/31/2024, I am focus the timing, assuming current E&P is $50,000, it means...
11. An increase in the demand for apples will cause all but which of the following? an increase in the price of apples a. b. c. d. an increase in the value of the marginal product of apple pickers an...
13. If both input and output markets are competitive and firms are profit maximizing, then in equilibrium, each factor of production earns a. an equal share of output. b. the value of its marginal...
Creative thinking is really analogical thinking. To what extent would you agree or disagree with this statement? Explain.
Prat Corporation started the Year 2 accounting period with $31,000 of assets (all cash), $12,500 of liabilities, and $16,000 of common stock. During the year, the Retained Earnings account increased...
Jamie's basis in her partnership interest is $52,000. In a proportionate distribution in liquidation of the partnership, Jamie receives $2,000 cash and two parcels of land with bases of $10,000 and...
The following events took place for Rockhaven Biking Inc. during February, the first month of operations as a producer of road bikes: Purchased $450,000 of materials. Used $423,200 of direct...
A local bank is keeping track of the different reasons people phone the bank. Those answering the phones place a mark on their check sheet in the rows most representative of the customers' questions....
Jim Daniels Health Products has eight stores. The firm wants to expand by two more stores and needs a bank loan to do this. Mr. Hewitt, the banker, will finance construction if the firm can present...
A vacuum gage connected to a tank reads 15 kPa at a location where the barometric reading is 750 mm Hg. Determine the absolute pressure in the tank. Take pHg = 13,590 kg/m3.
(a) What is the focal length of a magnifying glass that gives an angular magnification of 8.0 when the image is at infinity? (b) How far must the object be from the lens?

12. A decrease in the supply of farm tractors will cause all but which of the following?...

Question:

Step by Step Answer:

Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

Students also viewed these Business questions