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Inessa05 [86]
3 years ago
7

Suppose that you own a 20-acre plot of land that you would like to rent out to wheat farmers. For them, bringing in a harvest in

volves $35 per acre for seed, $80 per acre for fertilizer, and $70 per acre for equipment rentals and labor. With these inputs, the land will yield 40 bushels of wheat per acre.If the price at which wheat can be sold is $5 per bushel and if farmers want to earn a normal profit of $10 per acre,What is the most that any farmer would pay to rent your 20 acres? $What if the price of wheat rose to $6 per bushel? $
Business
1 answer:
mars1129 [50]3 years ago
5 0

Answer:

1. The most that the farmer would pay to rent 20 acre is $100.

2. The price of wheat rose to $6 per bushel is $900.

Explanation:

Given the information, we have:

Total cost per acre

= $35 + $80 + $70 = $185

Revenue from wheat per acre

= 40 x $5 = $200

Contribution per acre = $200 - $185 = $15

The most that the farmer would pay to rent 20 acre is

==>20 x ($15 - $10) = $100

If the price of wheat rose to $6, the most that farmer would pay

= 20 x (240 - 185 - 10)

= $900

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Answer: A. Employees are not easily the replaced parts of a system, but they are the source of a company’s success or failure.

8 0
3 years ago
In 1970 Professor Fellswoop earned $12,000; in 1980 he earned $24,000; and in 1990 he earned $36,000. If the CPI was 40 in 1970,
Arte-miy333 [17]

Answer:

In 1980

Explanation:

Year        Salary        Percentage Salary Increase        CPI Increase

1970       $12,000     -                                                      -

1980       $24,000    100                                                 50

1990       $36,000    50                                                   83.3

As can be seen in the table, the Professor's salary increase from 1970 to 1980 was twice as much as the CPI increase during the same period.

On the contrary, his salary increase from 1980 to 1990 was significantly less than the CPI increase during the same period.

Therefore, the professor's salary was highest in 1980.

4 0
3 years ago
A leading beverage company sells its signature soft drink brand in vending machines for $0.87 per 12 oz. can. A vending machine
ycow [4]

Answer:

655

Explanation:

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Breakeven quantity = fixed cost / price – variable cost per unit

$190  / ( 0.87 - 0.58) = 655.2 = 655 to the nearest whole number

8 0
3 years ago
The market for breakfast cereal is currently in equilibrium. Suddenly there is a storm that destroys the wheat that farmers had
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Answer:

C

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3 years ago
Stana and Rick were discussing whether Chloe, a senior HR manager at their firm, had an advanced degree. Stana surmised that sin
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Answer:

A. Deduction

Explanation:

Deduction or deductive reasoning is the process whereby a logical conclusion is reached from one or more statements. Deductive reasoning involves using generalization or a general fact to reach a specific and logical conclusion. In the case, the general fact is that all HR manager in the firm has advanced degree. The logical conclusion here is that since Chloe is a HR manager with the most experience, then surely she must have an advanced degree.

In summary, deductive reasoning moves from generalities to a specific streamlined logical conclusion.

8 0
3 years ago
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