Irrigation improves the yield of strawberries per acre

Assignment Help Macroeconomics
Reference no: EM13377900

Irrigation improves the yield of strawberries per acre (measured in pints) according to the fucntion S= -(w-2)^2 + 50 where S is the number of pints of strawberries grown per acre and W is acre acre feet of water used. strawberries sell for $4 per pint and water costs $6 per acre foot.

A) given an intuitive explanation of the yield function.

B) graph the yield function

C) how much should the farmer irrigate in order to maximaize yield?

D)how much should the farmer irrigate in order to maximaize profits?

E) show that the second order conditions for maximum hold at this level of irrigation?

Reference no: EM13377900

Questions Cloud

Matt christpher is a 25 year old mechanical engineering and : matt christpher is a 25 year old mechanical engineering and his salary next year will be 60000.matt expects that his
1 suppose z follows a standard normal distribution ie a : 1. suppose z follows a standard normal distribution i.e. a normal distribution with mean 0 and variance 1.a. what is
Question 1in 2011 jeffrey company disposed of a segment of : question 1in 2011 jeffrey company disposed of a segment of its business and incurred a pretax loss on the disposal of
A frim determines that x units of its product can be sold : a frim determines that x units of its product can be sold daily at p dollars per units per day is cx 120-12p and where
Irrigation improves the yield of strawberries per acre : irrigation improves the yield of strawberries per acre measured in pints according to the fucntion s -w-22 50 where s
Below are ratios for two companies which operate in the : below are ratios for two companies which operate in the same industry.nbspcompany acompany bpe27.863.0gross profit
Problem below are current year financial statements for two : problem below are current year financial statements for two companies in the same industries and direct competitors.
Suppose z follows a standard normal distribution ie a : suppose z follows a standard normal distribution i.e. a normal distribution with mean 0 and variance 1.a. what is the
Problem you have the opportunity to invest 10000 in one of : problem you have the opportunity to invest 10000 in one of two companies that are part of the same industry. the only

Reviews

Write a Review

Macroeconomics Questions & Answers

  Determine total output per week in the economy

Select an economy that initially has a labor force of 2000 employees. Of these employees, 1900 are employed and each works forty hours per week. Ten units of output are produced by each hour of labor.

  Misleading characteristic of unemployment rate

The unemployment rate is a deceptive indicator of the current and future state of the economy. How does the timing of lay off and hiring decisions made by companies describe the misleading characteristic of this indicator?

  Question on equilibrium situation

Describe what happens to price of a bond that pays a fixed percent of the face value every year when interest rates in the economy rise.

  Why does walmart have a cost advantage over its competitor

when walmart locates in a smaller town, often the local retailers hardware, clothing and appliance are unable to successfully compete and are driver out of business why does walmart have a cost advantage over its competitor and charge lower prices

  Compute utility function that corresponds to a constant

Compute utility function that corresponds to a constant Arrow-Pratt measure of absolute risk-aversion.

  Explanation of how removing subsidy

Using the tools of analysis developed in this course, demonstrate that removing the subsidy will make consumers worse off but will nevertheless improve society economic welfare.

  Compute the gain from trade but you should discuss

Compute the gain from trade but you should discuss how comparative advantage is used.

  Most students will agree that sleeping in on a school

Most students will agree that sleeping in on a school/work day has opportunity costs. Are there opportunity costs in sleeping in on a weekend (assuming you don’t work or go to school on Saturday/Sunday)?

  Compute the quantity demand by each consumer

Karen earns $75,000 in the current period and will earn $75,000 in the future. Assuming that these are the only two periods, and that banks in her country borrow and lend at an interest rate r = 0, draw her inter-temporal budget constraint.

  Determine the size in aggregate expenditure line

Suppose the simple spending multiplier equals 10. Estimate the size and direction of any shifts in the aggregate expenditure line, the level of real GDP demanded,

  Determine long-run profit maximizing level of output

If a representative firm with long-run total cost given by TC = 50+2q+2q^2 operates in a competitive industry where the short-run market demand and supply curves are given by Qd = 1,410 - 40P and Qs = -390 +20P, its long-run profit maximizing leve..

  Using definition of the production possibility curve

Using definition of the production possibility curve, which line(Curve) is much preferred.The curve that shows underutilized resources,efficiency of resources or overutilized resources?WHY?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd