please explain brifly 5- Suppose a country has two specific factors, land and capital. Land is an

Fantastic news! We've Found the answer you've been seeking!

Question:

please explain brifly

5- Suppose a country has two specific factors, land and capital. Land is an input in the production of corn. Capital is used only in the production of rockets. A third factor, labor, is mobile between the two sectors. Holding all else constant, what is the effect of an increase in the amount of available capital in the short run?

a- on the real return on capital? Explain

b- on the real return of the mobile factor of production? Explain

c- on the output of corn and rockets? Explain.

Posted Date: May 19, 2024 02:03 PM

See More Questions

A 40-cm-long, 800-W electric resistance heating element with diameter 0.5 cm and surface temperature 120C is immersed in 75 kg of water initially at 20C. Determine how long it will take for this...
Explain the difference between the nominal and effective rates for compound interest?
Refer to Exercise 2-38. Required Prepare: a. A gross margin income statement. b. A contribution margin income statement.
A disconnected graph has only one component. Determine whether each statement is always true, sometimes true, or never true.
A machine purchased three years ago for $360,000 has a current book value using straight-line depreciation of $200,000; its operating expenses are $30,000 per year. A replacement machine would cost...
Sigma Company produces three versions of a brass desk lamp: basic, custom, and deluxe. The planned production information for the upcoming month follows: Resources - Cost per Month - Fringe Benefits...
How do homologous structures, as defined by evolutionary biology, reflect common ancestry and divergent evolution among related species, and what molecular and developmental mechanisms underlie the...
Describe briefly in your words the advantages and disadvantages of Non-numeric and Numeric methods of project selection with at least one example for each. Which would you prefer and why?
In 2021, Matthews Company's first year of operations, the following transactions occurred: (a) Inventory costing $372,000 was sold on credit to customers for a total of $534,000. Johnson uses a...
What are great examples to implement in a PESTAL Analysis to start a pet funeral home?
On August 7 , Welllington Co . paid $ 3 , 1 6 0 to install a hydraulic lift and $ 3 1 for an air filter for one of its delivery trucks. Question Content Area Journalize the entry for the new lift. If...
Build a 5 year capital budget based on most likely assumptions . Calculate: Investment: price, quantity, revenue, expenses, salaries, supplies, depreciation, total expense, net income, tax, net...
Preparar Balance General y Estado de Resultados al 31/12/2016 Gastos Administrativos 104,000.00 Capital 650,000.00 Costo de Bienes Vendidos 1,043,000.00 Activos Corrientes 550,000.00 Pasivos...
Define cultural intelligence. Cite the books or journal articles you found in Capella's library. Explain why cultural intelligence is important for HR practitioners and other organizational managers.
The Supplies account began the year with a balance of $380. During the year, supplies in the amount of $980 were purchased. At the end of the year (December 31), the inventory of supplies on hand was...
Consider Graph 4 and Graph 6 in the given figure. Determine if one graph is a subgraph of the other. If so, give a correspondence between vertices that demonstrates this relationship. If not,...
For the following exercise, use Graph $A$ in the given figure. Consider each sequence of vertices. Determine if it is only a walk, both a walk and a path, both a walk and a trail, all three, or...

please explain brifly 5- Suppose a country has two specific factors, land and capital. Land is an

Question:

Expert Answer:

Students also viewed these finance questions