in what manner firms and people decide if it’s worth to make investment in capital improvements. Concept Introduction: Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

Question

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Answer 1

Question

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

C

To determine

in what manner firms and people decide where to work.

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

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Students have asked these similar questions

Question 17 The production period in which at least one input is fixed in quantity is the production run. long run. short run. planning horizon.

Course: Microeconomics - Theory of ProductionA field produces wheat. Land is a fixed factor, so the annual harvest depends on the number of hired workers. The following table shows the production of the farm measured in quintals per year. Workers 1 2 3 4 5 6 7 8 9 10 Total Product (TP) 125 ? ? 725 925 1.125 1.275 1.275 1.175 1.000 Average Product (AP) ? 150 ? ? 185 184 175 160 131 100 Marginal Product (MP) ? ? 200 ? 200 180 120 50 -100 -175 We ask: 1) Fill in the missing spaces in the table. 2) The farmer can hire workers for w (salary) = 1,200,000. The price per quintal of wheat is $10,000. How many workers should she hire and why?3) Suppose now that the price is COLLECTIVE OWNERSHIP and no wages are paid, but production is shared equally among those who produce it. How many members should be accepted in the COOPERATIVE if the welfare of the participants is to be maximized?

Once Produced then what? Food, fiber, fuel= ___________________________, ______________________________, _________________________________, and _____________________________________ Agribusiness All of the inputs and production practices required for ____________________________________ to be developed and delivered are called _____________________________ Over _________________ of all Americans work in agribusiness related careers compared to only ___________________ in actual production agriculture.

Answer 2

Question

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

C

To determine

in what manner firms and people decide where to work.

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

C

To determine

in what manner firms and people decide where to work.

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

C

To determine

in what manner firms and people decide where to work.

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

C

To determine

in what manner firms and people decide where to work.

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

Answer 6

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

Answer 7

Chapter 11, Problem 1P

A

To determine

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

Answer 8

A

Expert Solution

Explanation of Solution

The firms and individuals determine if it’s worth it to invest in these resources based on these points:

The firms or individuals determine if it is worth to invest in capital improvements when the costs of additional capital are lesser than the revenue increase with the additional capital. In simple words, when the marginal returns from the capital is greater than the marginal cost of capital.

Answer 9

A

Expert Solution

Answer 10

A

Expert Solution

Answer 11

Expert Solution

Answer 12

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

Answer 13

B

To determine

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

Answer 14

B

Expert Solution

Explanation of Solution

For hiring additional workers, the firms and the individuals take their decisions by looking at the marginal returns of additional workers to the costs of hiring the additional workers. When the returns are greater than the costs of employing an additional worker, it would be worth hiring.

Answer 15

B

Expert Solution

Answer 16

B

Expert Solution

Answer 17

Expert Solution

Answer 18

C

To determine

in what manner firms and people decide where to work.

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

Answer 19

C

To determine

in what manner firms and people decide where to work.

Answer 20

C

Expert Solution

Explanation of Solution

Despite this being akin to individuals and firms independently, in most cases, the location where to work and expansion is based on the conditions such as proximity to the market, the rules and regulations of a particular locality and availability of resources.

Answer 21

C

Expert Solution

Answer 22

C

Expert Solution

Answer 23

Expert Solution

Answer 24

Ch. 11 - Prob. 1P Ch. 11 - Prob. 2P Ch. 11 - Prob. 3P Ch. 11 - Prob. 4P Ch. 11 - Prob. 5P Ch. 11 - Prob. 6P Ch. 11 - Prob. 7P Ch. 11 - Prob. 8P Ch. 11 - Prob. 9P

in what manner firms and people decide if it’s worth to make investment in capital improvements. Concept Introduction: Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

Concept explainers

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

Explanation of Solution

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

Explanation of Solution

in what manner firms and people decide where to work.

Explanation of Solution

Want to see more full solutions like this?

Chapter 11 Solutions

in what manner firms and people decide if it’s worth to make investment in capital improvements. Concept Introduction: Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

Concept explainers

in what manner firms and people decide if it’s worth to make investment in capital improvements. Concept Introduction: Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

Explanation of Solution

in what manner firms and people decide if it’s worth for new hires. Concept Introduction: Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc

Explanation of Solution

in what manner firms and people decide where to work.

Explanation of Solution

Want to see more full solutions like this?

Chapter 11 Solutions

in what manner firms and people decide if it’s worth to make investment in capital improvements.

Concept Introduction:

Capital Improvement: an addition or arrangement that improves the value of a property or replacement or upgrade that prolongs the lifespan of the asset.

in what manner firms and people decide if it’s worth for new hires.

Concept Introduction:

Hiring: is defined as a practice of evaluating, finding and establishing a working relationship between new employees, contractors, interns etc