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
MAVERICK [17]
3 years ago
10

A farmer is producing where MC = MR. Say that half of the cost of producing wheat is the rental cost of land (a fixed cost) and

half is the cost of labor and machines (a variable cost). If the average total cost of producing wheat is $26 and the price of wheat is $10, what would you advise the farmer to do? ("Grow something else" is not allowed.)
Business
1 answer:
Digiron [165]3 years ago
4 0

Answer:

If the price of wheat does not rise in the long run, the farmer should stop the production of wheat.

Explanation:

given data

MC = MR.

average total cost of producing wheat = $26

price of wheat = $10

solution

As long as the cost of a bushel of wheat ($ 6) exceeds the variable production cost of a bushel of wheat ($ 4), the farmer should continue to produce wheat. He loses $ 2 per bushel, but loses $ 4 if he stops producing wheat.

If the price of wheat does not rise in the long run, the farmer should stop the production of wheat.

You might be interested in
Senator dogood is pushing for the construction of a new military base in his state even though, from the standpoint of national
Katarina [22]
This is a classic example of what is termed "Pork"  or "Pork barrel politics".  Pork is when a legislator tries to divert federal funds to projects in their districts or State.  These funds provide jobs and income for his constituents who the will repay him with votes in the next election.
5 0
3 years ago
Helppppppppppppp
Neko [114]

Answer:

Explanation:

You need 2 people to have a conversation, not just words. You can’t just be in and empty room and just talk. You need someone else to talk to you.

8 0
2 years ago
Kingsbury Manufacturing has net sales revenue of $850,000, cost of goods sold of $344,600, and all other expenses of $328,300. T
gladu [14]

Answer:

56.46%

Explanation:

The computation of the gross profit percentage is shown below

Gross profit percentage is

= (Sales - cost of goods sold) ÷ (Sales) × 100

where,

Sales is $850,000

And, the cost of goods sold is $344,600

Now placing these values to the above formula

So, the gross profit percentage is

= ($850,000 - $344,600) ÷ ($850,000) × 100

= $505,400  ÷ $850,000 × 100

= 56.46%

8 0
3 years ago
What disadvantage a They would be ineligible to receive b. They would receive only a partal benefit for as long as they collect
ArbitrLikvidat [17]

The correct answer is B:They would receive only a partial benefit for as long as they collect Social Security. The age at which Americans are eligible to receive full Social Security benefits is 65. The earliest age, assuming one is not disabled, one can apply for Social Security is 62. However, if an individual claims Social Security early between the ages of 62-64, it will be at a reduced rate.

5 0
3 years ago
Name the non-partisan organization that has set the rules for U.S. presidential and
Oksi-84 [34.3K]

Answer:

The non-partisan organization that has set the rules for U.S. presidential and  vice presidential debates since 1987 is discussed below in details.

Explanation:

A non-partisan system is an arrangement of administration or organizations such that general and intermittent elections take place without relating to political parties. there are two types of Non-partisan organizations: De facto and De jure.

The commission of presidential debates was organized in the year 1987 to assure that the debates, as a constant part of every general election. The commission of presidential debate advocate and present debates for the United States presidential and vice-presidential candidate.

6 0
3 years ago
Other questions:
  • Peggy andrews has a charge account at davis jewelers, which uses the unpaid-balance method of computing finance charges. the per
    7·1 answer
  • Zach is a quality control manager at Fresh Mints International. Any time a problem arises and a decision needs to be made, prese
    12·1 answer
  • In October, Glazier Inc. reports 42,000 actual direct labor hours, and it incurs $194,000 of manufacturing overhead costs. Stand
    12·1 answer
  • An economic contraction caused by a shift in aggregate demand causes prices to a. rise in the short run, and rise even more in t
    8·1 answer
  • Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou
    9·1 answer
  • During industrialization, smaller businesses struggled to compete with large corporations because small businesses
    5·1 answer
  • Joy calls a mobile phone store to enquire about a new phone available in the market. The customer service operator sends him an
    12·1 answer
  • Mainstream economic theorizing sees work as a lousy activity that workers tolerate in order to earn income. One way that work is
    13·1 answer
  • A person making application, for themselves or another, to be insured under an insurance policy is called the:
    5·1 answer
  • Which loan type provides interest subsidy meaning department of education pays your interest while.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!