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Posts: 227
A month ago
Acres of LandTanks of FertilizerTruckloads of Potatoes
20028
20170
202105
203135
204152
205141

Table 2.4


Refer to Table 2.4. What can be observed about the given resources?

▸ Land is variable but fertilizer is fixed.

▸ Land and fertilizer are both fixed.

▸ Land is fixed but fertilizer is variable.

▸ Land and fertilizer are both variable.
Textbook 

Microeconomics: Principles, Applications, and Tools

Edition: 8th
Authors:
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Answer verified by a subject expert
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Posts: 244
A month ago
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Land is fixed but fertilizer is variable.
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Related Topics
wrote...
A month ago
Acres of LandTanks of FertilizerTruckloads of Potatoes
20028
20170
202105
203135
204152
205141

Table 2.4


Refer to Table 2.4. Increasing the tanks of fertilizer from 3 to 4 will increase the truckloads of potatoes by:

▸ 152.

▸ 35.

▸ 17.

▸ 11.
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A month ago
17.
wrote...
A month ago
Thank you, thank you, thank you!
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A month ago
You're welcome
wrote...
A month ago
Acres of LandTanks of FertilizerTruckloads of Potatoes
20028
20170
202105
203135
204152
205141

Table 2.4


Refer to Table 2.4. Increasing the tanks of fertilizer from 4 to 5 will:

▸ increase truckloads of potatoes.

▸ decrease truckloads of potatoes.

▸ require more acres of land.

▸ have no effect on truckloads of potatoes.
wrote...
A month ago
decrease truckloads of potatoes.
wrote...
A month ago
Acres of LandTanks of FertilizerTruckloads of Potatoes
20028
20170
202105
203135
204152
205141

Table 2.4


Refer to Table 2.4. The principle of diminishing returns sets in with the addition of the ________ tank of fertilizer.

▸ second

▸ third

▸ fourth

▸ fifth
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A month ago
second
wrote...
A month ago
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