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2 years ago

Describe opportunity cost implication to agriculture production

1 answer:

Ivan2 years ago

5 0

The sum of money that could be created if an economic resource was used in a different way describe opportunity cost implication to agriculture production.

<h3>What is opportunity cost?</h3>

Opportunity cost is the forgotten element that is not chosen by the person, which can drive the benefits to the person. To calculate the opportunity cost, every alternative must be evaluated to find out the best alternative.

Thus, The sum of money that could be created if an economic resource

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6 0

2 years ago

Read 2 more answers

The Whalers are interested in trading their star left tackle. He is a veteran and makes $1.6 million per year. They are consider

Romashka-Z-Leto [24]

Answer:

$1,800,000

Explanation:

The veteran player makes $1.6 million per year.

The new prayer will be paid $1 million per year.

the Savings per year will be

= $1, 600,000 - 1,000,000

= $ 600,000

The savings in three years will be

=$600,000 x 3

=$1,800,000

3 0

3 years ago

For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $18,000 for adve

SIZIF [17.4K]

Answer:

Explanation:

1. Please refer to the attached file.

2. The vertical analysis indicates that the costs other than selling expenses (cost of goods sold and administrative expenses) decreased as a percentage of sales. As a result: net income as a percentage of sales increased by 2.5 percentage points. The sales promotion campaign appears to have been increased. While selling expenses as a percent of sales increased slightly, the decreased cost was more than made up for by increased sales.

7 0

3 years ago

According to the International Fisher Effect, if an investor purchases a five-year U.S. bond that has an 20)_____ annual interes

Sidana [21]

Answer:

British pound: appreciate

Explanation:

International Fisher Theory is an economic theory which establishes a relationship between two country’s exchange and nominal interest rates of their currency.

It states that the expected inconsistency between the exchange rate of two currencies is approximately equal to the difference between their countries' nominal interest rates.

If an investor purchases a five-year U.S. bond that has an annual interest rate of 6% rather than a comparable British bond that has an annual interest rate of 4%, then the investor, at a minimum, must be expecting the British pound to appreciate at a rate less than 2% per year.

The reasoning behind it is that a country with a higher interest rate will also very likely to have a higher inflation rate.

8 0

4 years ago

In the month of June, a department had 10,000 units in beginning work in process that were 70% complete. During June, 40,000 uni

butalik [34]

Answer:

Cost per material= $9

Cost per conversion = $8.51 unit

Explanation:

We would assume the company uses weighted average method of valuation.

Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.

Cost per Equivalent unit= Total cost / Equivalent unit

Completed units = transferred in + opening inventory -closing inventory

= 40,000 + 10,000 - 5,000 =45,000 units

Equivalent unit of material = (100%× 45,000) + (100%× 5000)= 50,000

Cost per material = $450,000/50,000= $9

Equivalent unit of Conversion cost =(100%× 45,000) + (40%× 5000)= 47,000

Cost per conversion cost = $400,000/ 47,000 units

= $8.51 unit

Cost per material= $9

Cost per conversion = $8.51 unit

6 0

3 years ago

Describe opportunity cost implication to agriculture production​

Describe opportunity cost implication to agriculture production