1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
larisa86 [58]
2 years ago
13

Assume both Paul and Cliff divide their time equally between the production of corn and wheat, and they do not trade. If they ar

e the only producers of wheat and corn, then total production of wheat and corn is
Business
1 answer:
vazorg [7]2 years ago
4 0

The answer is 7 bushels of wheat and 7 bushels of corn.

Referring to the diagram in the attached image.

If both Paul and Cliff dedicate their time entirely to one crop.

Paul can grow 8 bushels of wheat and Cliff can grow 6 bushels of wheat

Or Paul can grow 10 bushels of corn and Cliff can grow 4 bushels of corn.

But If they divide their time equally between the two crops, each can grow half of each crop,

Then Paul will be growing 4 bushels of wheat and 5 bushels of corn.

And Cliff will be growing 3 bushels of wheat and 2 bushels of corn.

Total production = Paul's production + Cliff's production

                           = (4 bushels of wheat+5 bushels of corn) + (3 bushels of wheat+2 bushels of corn)

                          = (4+3) bushels of wheat + (5+2) bushels of corn

                          = 7 bushels of wheat + 7 bushels of corn

Hence, total production is 7 bushels of wheat and 7 bushels of corn.

Learn more about total production:

brainly.com/question/25623677

#SPJ4

You might be interested in
List at least four investment alternatives.
Ierofanga [76]
Four investment alternatives are hedge funds, futures, stocks, and bonds. If you are looking for more: mutual funds, annuities, and real estate are others.
5 0
4 years ago
Read 2 more answers
Which of the following is not a type of trademark? fanciful arbitrary simple suggestive
Phantasy [73]

Considering the available options, the choice that is not a type of trademark is "<u>Simple</u>."

<h3>What is a Trademark?</h3>

Trademark is the term used to describe the word, phrase, design or symbol, or combination thereof.

Generally, the purpose of a Trademark is to create the identity for the source of the commodities such that these commodities can be easily differentiated from similar commodities.

<h3>Different types of Trademarks</h3>

There are four major categories of Trademarks which include the following:

  • Coined or Fanciful trademark
  • Arbitrary trademark
  • Suggestive trademark
  • Descriptive trademark

Hence, in this case, it is concluded that the correct answer is "<u>Simple</u>."

Learn more about Trademarks here: brainly.com/question/11957410

5 0
3 years ago
Match each type of employment with its definition (2 points)
Rainbow [258]

Each type of employment has been matched with its definition thus:

  • Frictional unemployment: Unemployment associated with workers who are  between jobs
  • Cyclical unemployment: Unemployment resulting from mismatches between  employer needs and employee skills.
  • Structural unemployment: Unemployment associated with the highs and lows of  the business cycle.

There are different causes of employment. Frictional unemployment is the timeframe between the period an individual lost his job and seeks another.

Structural unemployment is a result of inconsistencies in the labor market.

Cyclical unemployment occurs when the demand from the employee is not met with the skills of the employer.

Learn more about unemployment here:

brainly.com/question/305041

4 0
3 years ago
Gasoline and bicycles are substitutes in consumption. Suppose we increase the federal gasoline tax to $1 per gallon.
marin [14]

If the federal gasoline tax increases to $1 per gallon, the gasoline price rises, demand for bicycles shifts rightward.

Option B

<u>Explanation:</u>

If the price of gasoline increases, then probably there will be a decrease in the consumption of the same as a result of which the demand for the substitute product, bicycle increases.

Demand curve a graphical representation of changes in the product or service demanded along with the changes in the cost or price of the service or product. Increase in the demand for a product, is generally represented by the rightward shift in the demand curve.

8 0
3 years ago
It would be acceptable to have the selling price of a product just above the variable costs and expenses of making and selling i
Gnoma [55]

Answer:

B.both the short run and long run.

8 0
3 years ago
Read 2 more answers
Other questions:
  • How do you start a business in America?
    11·1 answer
  • A local political party made phone calls to assess likely voter turnout. The only question asked in the telephone interview was
    6·2 answers
  • A call provision gives bondholders the right to demand, or "call for," repayment of a bond. Typically, companies call bonds if i
    6·1 answer
  • A Deductible is what
    6·1 answer
  • Some of the mangos from your neighbor's mango tree drop into your yard. You don't like mangos and the fallen mangos make it hard
    6·1 answer
  • When you decide to go and have a dinner with your friends in a world class hotel such as the Golden Tulip or La Pleasure Beach,
    9·1 answer
  • A firm is reviewing an investment opportunity that requires an initial cash outlay of $336,875 and promises to return the follow
    15·1 answer
  • The largest expenditure component of gdp is:
    12·1 answer
  • A(n) ________ is a favorable set of circumstances that creates a need for a new product, service, or business.
    7·1 answer
  • If the Sampson Company, a supplier of wood, understands the needs and requirements for wood for a few firms within a NAICS class
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!