Attached. Please let me know if you have any questions or need revisions.Chapter 6Problems: 1, 3, 4 (answers)1a)In case the technique is open to all farmers for use then Mr. Greengene rent will increase. Mr.Greengene pays to Lauren a rent of $500 per hectare. When Mr. Greengene uses a newmethod Lauren expects that rent will increase by $300.Maximum rent that Lauren can ask foris $800 only if she decides to hires a new farmer who is willing and able to pay $800 in placeof Mr. Greengene.If all farmers adopt the new technique then some farmer’s rent cost willreduce by $300 while some will be pay $800 for their rent.1b)When patents exist then rent remain unchanged, if Lauren ask for increased rent Mr.Greengene leave the farm. $500 is the market rent rate even if Lauren hires new farmers shecannot charge above $5003a)The graph above distance is ploted in the x axis while price on the y-axis.Unit price of transportation is $12 per mile. Distance from 0-5 are plotted , cost from 12-60thus line A-B is the bid-rent curve per mile.3b)The bid rent is …
15 Million Students Helped!
Sign up to view the full answer
Our customer is the center of what we do and thus we offer 100% original essays..
By ordering our essays, you are guaranteed the best quality through our qualified experts.All your information and everything that you do on our website is kept completely confidential.
Academicwritingcompany.com always strives to give you the best of its services. As a custom essay writing service, we are 100% sure of our services. That is why we ensure that our guarantee of money-back stands, alwaysRead more
The paper that you order at academicwritingcompany.com is 100% original. We ensure that regardless of the position you are, be it with urgent deadlines or hard essays, we give you a paper that is free of plagiarism. We even check our orders with the most advanced anti-plagiarism software in the industry.Read more
The Academicwritingcompany.com thrives on excellence and thus we help ensure the Customer’s total satisfaction with the completed Order.To do so, we provide a Free Revision policy as a courtesy service. To receive free revision the Academic writing Company requires that the you provide the request within Fifteen (14) days since the completion date and within a period of thirty (30) days for dissertations and research papers.Read more
With Academicwritingcompan.com, your privacy is the most important aspect. First, the academic writing company will never resell your personal information, which include credit cards, to any third party. Not even your lecturer on institution will know that you bought an essay from our academic writing company.Read more
The academic writing company writers know that following essay instructions is the most important part of academic writing. The expert writers will, therefore, work extra hard to ensure that they cooperate with all the requirements without fail. We also count on you to help us provide a better academic paper.Read more