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Blueberry bushes can be produced at a constant marginal cost of $10 per bush. there are different types, that grow to different heights. Type 1
Blueberry bushes can be produced at a constant marginal cost of $10 per bush. there are different types, that grow to different heights. Type 1 which grows up to 1 meter high is priced at $20 per plant, and type 2 which grows to 50 cm in heightis priced at $30 per plant. What are the Lerner indices for these two plants?
Select one:
Both equal one.
2 and 3, respectively
1 and 2, respectively
0.5 and 0.67, respectively
2.
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