Consider a plant company that produces plants in pots that are sold at garden stores (tomato plants and flowering plants, for example). The output is the number of plants in pots produced. Resources used are: a building, land, labor, potting soil, pots, seeds, computers, wheelbarrows, shovels, clippers, hand carts, watering cans and energy. (Including some numbers and a diagram along with your written explanation) 1. How does this change in productivity effect costs and why? (A diagram would be useful.)
Consider a plant company that produces plants in pots that are sold at garden stores (tomato plants and flowering plants, for example). The output is the number of plants in pots produced. Resources used are: a building, land, labor, potting soil, pots, seeds, computers, wheelbarrows, shovels, clippers, hand carts, watering cans and energy. (Including some numbers and a diagram along with your written explanation) 1. How does this change in productivity effect costs and why? (A diagram would be useful.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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: Consider a plant company that produces plants in pots that are sold at garden stores (tomato plants and flowering plants, for example). The output is the number of plants in pots produced. Resources used are: a building, land, labor, potting soil, pots, seeds, computers, wheelbarrows, shovels, clippers, hand carts, watering cans and energy. (Including some numbers and a diagram along with your written explanation)
1. How does this change in productivity effect costs and why? (A diagram would be useful.)
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