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photoshop1234 [79]
3 years ago
5

Farmer Brown’s total cost curve is a. increasing at an increasing rate. b. increasing at a decreasing rate. c. increasing at a c

onstant rate. d. decreasing.

Business
1 answer:
Rufina [12.5K]3 years ago
8 0

The question is incomplete:

If Farmer Brown plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he gets 5 bushels of wheat. If he plants 2 bags, he gets 9 bushels. If he plants 3 bags, he gets 12 bushels. A bag of seeds costs $120, and seeds are his only cost.

Farmer Brown's total-cost curve is

a. increasing at an increasing rate.

b. increasing at a decreasing rate.

c. increasing at a constant rate.

d. decreasing.

Answer:

a. increasing at an increasing rate.

Explanation:

To determine the answer, you can create a graph with the information given hich is attached.

You can see that the curve is increasing and because of that you can eliminate option d that is decreasing. Then, you have to consider that increasing at a constant rate would show an straight line which is not the case. Also, increasing at a decreasing rate would show a decreasing slope which is not what you see in the graph. Because of that, the answer is that Farmer Brown’s total cost curve is increasing at an increasing rate because the graphs shows an increasing slope.

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Answer:

29,867 units

Explanation:

Variable cost per unit (VC) = $75.00

Sales price (P) = 1.50 * VC = $112.50

Fixed costs (FC) = $1,120,000

Units sold (n) = ?

EBIT is given by:

EBIT = P*n - VC*n -FC

Therefore, the number of units sold required to break even is:

0 = 112.50*n - 75.00*n -1,120,000\\n=\frac{1,120,000}{37.5} \\n=29,866.7

Round up the value obtained to the next whole unit and the sales volume needed is 29,867 units.

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3 years ago
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Answer:

Purchase Price Variance (PPV)

Explanation:

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3 years ago
Developing, pricing, promoting, and delivering services is challenging because the quality of a service is often A. inseparable.
ZanzabumX [31]

Answer:

B. inconsistent

Explanation:

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Marketing mix is often emphasized by it's 4 P's i.e Product, Price, Place and Promotion.

Product is a bundle of attributes and utilities, price refers to the consideration received or receivable, promotion refers to sales promotion and advertisement channels while place refers to delivery or location where the buyer gets the product.

In case of a service, which is intangible unlike a product, it's quality and delivery is dependent upon it's provider. And since no two individuals can render exactly the same kind of service, owing to varied individual capabilities, the quality of a service is usually inconsistent or say unequal.

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3 years ago
To test their theories, economists usually have to:____.
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Answer:

Confront theories predictions with evidence

Explanation:

To test economic theories, economists would observe real behavior and test it with data from the real world. Which would in turn provide evidence based on what is being tested. Confronting theories predictions with evidence is a pointer to the fact that economic theories are verifiable and their validity can be tested.

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2 years ago
Staples sells office supplies and machines, furniture, and technology and business services both in stores and online. It sells
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Answer:

Industry-wide differentiation strategy

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3 years ago
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