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Vika [28.1K]
1 year ago
7

Suppose a gardener produces both tomatoes and squash in his garden. If he must give up 8 bushels of squash to get 5 bushels of t

omatoes, then his opportunity cost of 1 bushel of tomatoes is.
Business
1 answer:
liraira [26]1 year ago
4 0

Suppose a gardener produces both tomatoes and squash in his garden. If he must give up 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is 5/2 bushels of squash.

Opportunity costs are the possible advantages which any person or  investor  or any company forgoes while deciding between the  two options.

Opportunity costs are invisible in nature. An opportunity cost is simply by definition is the difference between the expected returns of each option and this is also  the formula for doing so.

To learn more about opportunity cost here

brainly.com/question/13036997

#SPJ4

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Lunchco Inc. produces picnic tables in a two-step process. Pretreated wood is cut in the Cutting Department and then the lumber
babunello [35]

Answer: company’s direct labor budget = $320000

Explanation:

Given that,

Standard hourly labor rate in the Cutting Department = $12

It takes 30 minutes of direct labor time to cut the lumber

Tables take one hour to assemble

Standard hourly rate in the Assembly Department = $10

Lunchco’s production budget = 20,000

Cutting Department =  production budget × direct labor time × Standard hourly labor rate

= 20000 × 0.5 hours/unit × $12/unit

= $120000

Assembly Department = production budget × Tables take one hour to assemble  × Standard hourly labor rate

= 20000 × 1 hour/unit × $10/unit

= $200000

Therefore,

company’s direct labor budget = Assembly Department + Cutting Department

= 200000 + 120000

= $320000

5 0
2 years ago
Is coke and pepsi a duopoly
Nookie1986 [14]

Answer:

Rivalry between Coca-Cola and PepsiCo is not a form of warfare: it is a competitive oligopoly. We might even say it’s a duopoly because the two firms control almost the entire market for soda-flavoured colas.

Explanation:

5 0
2 years ago
Lopez Corporation incurred the following costs while manufacturing its product Materials used in product Depreciation on plant P
Sonja [21]

Answer:

See attached file

Explanation:

4 0
3 years ago
Plant Away is an Oregon-based retailer and distributor of trees and shrubs. They have hundreds of smaller nurseries based around
Rashid [163]

Answer: See explanation

Explanation:

A supply chain refers to the network of people, firms, resources, technology etc that are involved in product creation and sale.

Based on the question, the unique problems that one can anticipate in the supply chain can be due unforeseeable events. For example, the uncertainties in this case can be disease of plants, bad weather, interstate regulations etc.

To remedy the problem, it's vital to have a weather forecast that's up-to-date. This can help in anticipating the challenges and then determining the best transportation routes to take.

3 0
3 years ago
In 2018, Gail had a § 179 deduction carryover of $30,000. In 2019, she elected § 179 for an asset acquired at a cost of $115,000
Colt1911 [192]

Answer:

The answer is: Gail's § 179 deduction for 2019 is $145,000

Explanation:

§ 179 of the IRS Code, allows taxpayer to either:

  • deduct the cost of certain types of property from gross income taxes as an expense
  • allow the cost of the property to be capitalized and depreciated.

If Gail had a § 179 deduction carryover of $30,000 and then she acquired an asset for $115,000, her total § 179 deduction for 2019 is $30,000 + $115,000 = $145,000

8 0
3 years ago
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