COD 2 Summer 2 2018- Requires Respondus LockDown Browser l 24 at 4:34pm Instruct

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COD 2 Summer 2 2018- Requires Respondus LockDown Browser l 24 at 4:34pm Instructions Question 22 2 pts A farm is able to produce 10,000 bushels of peanuts per season on 10 acres. Assume it adds one more acre and is able to produce 12,000 bushels per season. The marginal product of the additional acre of land for this farm is 12,000 bushels per acre per year. 10,000 bushels per acre per year 1.200 bushels per acre per year. 2,000 bashels per acre per year Next Previous Quiz saved at 447pm Submit Quiz 40

Explanation / Answer

Answer is 2000 bushels per acre per year Explanation: Total product of 10 acres: 10000bushels Total Product of 11 acres: 12000 bushels MU of 11th acre: 12000 -10000 = 2000 bushels

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