menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Study Set 2
  4. Exam
    Exam 26: Demand in the Factor Market
  5. Question
    A Firm Uses 10 Acres of Land and Pays $2,000
Solved

A Firm Uses 10 Acres of Land and Pays $2,000

Question 127

Question 127

Short Answer

A firm uses 10 acres of land and pays $2,000 rent for each acre.If the 10th acre has an MRP of $3,000,then the firm is using ________ acres of land.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q122: An improvement in managerial efficiency in a

Q123: A profit-maximizing firm hires labor per week

Q124: If labor and capital are substitute resources

Q125: The extra revenue that results from hiring

Q126: The substitution effect and the output effect

Q128: (a)Fill in Table.(b)Is the firm a

Q129: If the wage rate were $335,how many

Q130: A rise in the marginal revenue product

Q131: <span class="ql-formula" data-value="\begin{array}{l}\begin{array} {ccc } \text {

Q132: A decline in the wage rate would<br>A)raise

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines