Part IV

N. P. Maplewood is at it again. This time she has made a great discovery in the back of her father's farm. There is a sprayer under a tarp in the back corner of a shed; before the bugs just had a feast on her beans. This discovery has no effect on the amount of rent she must pay her parents, but this technological improvement has greatly increased her land's productivity. We will explore technological improvement in this worksheet.

With the improvement in technology, she now has greater marginal productivity from her labor. Below are the new number, fill in the blanks and compare the results to the table on the previous page.