Post a New Question

macroeconomics

posted by .

Bob owns a 100-acre farm. Of that, he uses 50 acres to grow corn, 40 acres to graze sheep, and 10 acres for structures such as his home and barn.

Which of the following are considered by economists to be "land"?

I. The 50 acres he uses to grow corn.
II. The 40 acres he uses to graze sheep.
III. The 10 acres on which he has built his house and barn.
IV. The sheep that graze on his farm.
V. His house and barn.

I think that would be the 50 acres he grows his corn, because economically its making money. IE cash crop.

  • macroeconomics -

    I think it is 1 and 2.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math

    Two farmers use combines to harvest corn from their fields. One farmer has 600 acres of corn, and the other has 1000 acres of corn. Each former's combine can harvest 100 acres per day. Write two equations for the number of acres y …
  2. macroecon

    Which of the following are considered by economists to be "land"?
  3. Math

    Landon is working one plans for a 12-acre housing development. A park will cover 2 1/2 acres, and paved areas will take 1 3/4 acres. How many acres are left for home sites?
  4. algebra

    a farmer grows corn, tomatoes, and sunflowers on a 320 acre farm. this year the farmer wants to plant twice as many acres of tomatoes as sunflowers. The farmer also wants to plant 40 more acres of corn than of tomatoes. How many acres …
  5. science linear prog

    A small farm in Illinois has 110 acres of land available on which to grow corn and soybeans. The following table shows the cultivation cost per acre, the labor cost per acre, and the expected profit per acre. The column on the right …
  6. math

    Carlos has 7 1/2 acres of farmland. He uses 1/3 of the acres to graze animals and 1/5 of the acres to grow vegetables. How many acres does Carlos use for grazing animals of for growing vegetables?
  7. algebra

    The equation a = 640s gives the relationship between s square miles and a acres. Pam owns 7.5 square miles of farmland. How many acres does she own?
  8. math

    1. A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat requires 4 hours of labor and $20 of capital, and each acre of corn requires 16 hours of labor and $40 of capital. The farmer has at most …
  9. math

    joe cut three acres of grass at the smith farm which is 15% of the property. how many acres are on the smith farm?
  10. Consider the linear programming problem

    A farmer has a field of 70 acres in which he plants potatoes and corn. The seed for potatoes costs $20/acre, the seed for corn costs $60/acre, and the farmer has set aside $3000 to spend on seed. The profit per acre of potatoes is …

More Similar Questions

Post a New Question