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![61. Productivity of land can be raised
by
A. O Extensive cultivation
B. O Intensive cultivation
C. O Better marketing
D. O a' and 'b' both](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca4a0f5d-5947-4e75-b4aa-a252a162b946%2Fca953a95-eab4-4c4b-93b5-2ed03bb5bde9%2Fscari2k_processed.jpeg&w=3840&q=75)
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- The table below represents the combinations of beet and corn produced on å tract of lahd o given size and fertility Corn (bushels) Beef (kg) 10000 8000 900 6000 1200 4000 1400 2000 1475 1500 Which of the following combination represents unattainable production levels with the current tract of land? Select one: O a. 8000 bushels of corn and 500 kg of beef O b. 6000 bushels of corn and 1300 kg of beef O c. Both 8000 bushels of corn and 1200 kg of beef and 6000 bushels of corn and 1300 kg of beef d. 200 bushels of corn and 1475 kg of beef e. 8000 bushels of corn and 1200 kg of beefThe table below represents the combinations of beef and corn produced on a tract of land of a given size and fertility Corn (bushels) Beef (kg) 10000 8000 6000 900 1200 4000 1400 2000 1475 0. 1500 Which of the following combination represents unattainable production levels with the current tract of land? Select one: O a. 8000 bushels of corn and 500 kg of beef O b. 200 bushels of corn and 1475 kg of beef O c. Both 8000 bushels of corn and 1200 kg of beef and 6000 bushels of corn and 1300 kg of beef O d. 8000 bushels of corn and 1200 kg of beef O e. 6000 bushels of corn and 1300 kg of beefAntarctica produces only party ice and frozen fish. The table shows the marginal benefit and marginal cost schedules for frozen fish. If Antarctica produces 37 frozen fish, the marginal benefit from frozen fish frozen fish. To achieve allocative efficiency, Antarctica must O A. is less than; decrease O B. exceeds; decrease O C. O D. exceeds; increase is less than; increase C the marginal cost of the quantity of frozen fish produced. Frozen fish (per month) 33 34 35 36 37 38 Marginal cost (packs of ice per pack of fish) Marginal benefit 53 6 5 4 3 2 3 4 20 35
- Economic efficiency means using the method that produces given level of output at a. Low cost Ob. More production O c. Better technology O d. All of these given optionsCountry A Country B Textiles 4 4 Soybeans 4 5 The numbers in the table indicate the number of hours required to produce 1 unit of the good What is pT in Autarky? O 1 in Country A 4/5 in Country B 4wA in Country A 4wB in Country B O4 in Country A 4 in Country B O 1 in Country A 5/4 in Country BWhen does market equilibrium occur? Show the market clearing price and the correspondingquantity by using graph. Figure 1. Production Possibility Curve (Maize and Apple) c Figure 1. Production Possibility Curve (Maize and Apple) YA Хл PPF
- Refer to the table. Assume that Hoosier Mama Pie Company only produces apple pies and pecan pies on a given day Hoosier Mam faces. costs in the production of apple pies and pecan pies. Production choices for Hoosier Mama Quantity of Apple Pies Produced cpportunity Choice Quantity of Pecan Pies Produced A 48 B 36 15 24 30 D 12 45 60 A. increasing B. decreasing O C. constant D. negative OE. increasing then decreasingClaire and Don are farmers who produce beef and com. In a year, Claire can produce 40 tons of beef or 200 bushels of corn. In a year, Don can produce 20 tons of beef or 120 bushels of corn.. To maximize their total output of beef and corn A. Claire and Don each spend half of their time producing beef and the other half producing corn B. Don produces beef and corn while Claire produces nothing C. Claire produces beef and Don produces corn OD. Don produces beef and Claire produces comWhat is productive efficiency? Allocative efficiency?
- The production possibility curve shows all the following except O a. Economic growth O b. The law of demand O c. The supply curve of 2 goods O d. The law of increasing opportunity cost O e. Inefficiency in production1. B Anaysis: Point Q signify the efficiency of productions but insufficient allocation of resources O A. False ОВ. Тrue13 C Question 4 of 10 A farmer has developed a new type of fertilizer. This new fertilizer costs 20¹ percent more to produce than the old fertilizer but has better results: The same land now produces 25 percent more crops each year. Which statement best describes one way the farm will be affected by using this new fertilizer? OA. The farm's marginal benefits for each piece of land will increase. B. The farm's opportunity cost for each piece of land will decrease. C. The farm's opportunity cost for each piece of land will increase. OD. The farm's marginal benefits for each piece of land will decrease. SUBMIT PREVIOUS 101 O. E A f10 f11
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