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
anygoal [31]
3 years ago
9

If he devotes all of his available resources to cantaloupe production, a farmer can produce 120 cantaloupes. If he sacrifices 1.

5 watermelons for each cantaloupe that he produces, it follows that:____________
A. If he devotes all of his available resources to watermelon production, then he can produce 80 watermelons.
B. He cannot have comparative advantage over other farmers in producing cantaloupes.
C. His opportunity cost of one watermelon is 2/3 of a cantaloupe.
D. His production possibilities frontier is bowed-out.
Business
1 answer:
MrMuchimi3 years ago
6 0

Answer:

C. His opportunity cost of one watermelon is 2/3 of a cantaloupe.

Explanation:

Opportunity cost refers to units of production sacrificed of one good to produce an extra unit of another good.

In the given case, for every 1 unit of Cantaloupe, a farmer is required to sacrifice the production of 1.5 units of watermelon.

This means, production of 1 cantaloupe = production of 1.5 water melons.

Thus, to produce an additional unit of watermelon, sacrifice of 1/1.5 cantaloupe is required.

This means, the farmer's opportunity cost of one watermelon in the form of cantaloupe sacrificed is 2/3 of a cantaloupe.

You might be interested in
Which transactions are typically accounted for by using the relative sales value method to calculate unit purchase cost?
mestny [16]

Answer:

Basket purchases.

Explanation:

Basket purchases is a term used for buying multiple fixed assets. It is bought as the price for basket purchases is lower than the price for individual asset. The transactions in the basket purchases are accounted for by using the relative sales value method to calculate unit purchase cost. It is calculated by dividing each sales value of product by the total sales value of all the product.

4 0
3 years ago
The goals of most labor unions in the 1930s was the right to organize, in the 1970s to increase worker pay and benefits, in the
german

It can be concluded from the Labor Union goals that changes in the social and economic environment determine the goals of labor in a given period. Thus the First option is correct.

<h3>What is Economic Environment?</h3>

Economic environment refers to the External factors of the economy which affects the working of the Company. For example The rise in the prices of the fertilizer will affect the farmer.

The goal of the labor union defines the changing patterns of the social and the economic environment estimates the aim of the labor in the given period of the time.

Learn more about the Economic environment here:

brainly.com/question/5511643

#SPJ1

8 0
1 year ago
A bank has $400 in checkable deposits, $800 in savings deposits, $700 in time deposits, $900 in loans to businesses, $300 in out
sergij07 [2.7K]

Answer: $400

Explanation:

M1 money supply simply refers to the monies which are liquid like the checkable deposits, traveler's checks, and the coins and currencies that are in circulation.

Therefore, based on the information given in the question, the bank's deposits that are part of M1 will be the $400 in checkable deposit.

3 0
2 years ago
Calamata Corporation processes a single material into three separate products A, B, and C. During September, the joint costs of
Elena-2011 [213]

Answer:

20%

Explanation:

Gross profit is the net of sales and cost of sales. Gross Profit percentage is the ratio of gross profit to sales expressed as percentage.

Product Units Produced Final Sales Value per Unit Separate Costs

   A             10,000                    $25                                  $125,000

   B             15,000                    $30                                  $250,000

   C            <u> 12,500 </u>                  <u> $24 </u>                                <u> $125,000</u>

Total           37,500                                                            $500,000

Sales Value

A (10,000 x $25)      $250,000

B (15,000 x $30)      $450,000

C (12,500 x $24)      <u>$300,000</u>

Total Sales Value                       $1,000,000

Less

Joint Cost                                  ($300,000)

Separable cost                         <u>($500,000)</u>

Gross Profit                               $200,000

Gross Profit Percentage = ( $200,000 / $1,000,000 ) x 100 = 20%

8 0
3 years ago
Gugenheim, Inc., has a bond outstanding with a coupon rate of 7.7 percent and annual payments. The yield to maturity is 8.9 perc
Anna [14]

Answer:

Bond price= $1,793.62

Explanation:

Giving the following information:

Face value= $2,000

Number of periods= 17

Cupon rate= 0.077

YTM= 0.089

T<u>o calculate the price of the bond, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 154*{[1 - (1.089^-17)] / 0.089} + [2,000/1.089^17)

Bond Price​= 1,324.21 + 469.41

Bond price= $1,793.62

3 0
3 years ago
Other questions:
  • The types of prices that appear least often in ads are ____ prices.
    8·2 answers
  • Hawaiian Specialty Foods purchased equipment for $30,000. Residual value at the end of an estimated four-year service life is ex
    5·1 answer
  • A department within an organization that focuses on generating profits is called a(n
    6·1 answer
  • Which of the following correctly explains the crowding-out effect?
    8·1 answer
  • After the presentation, you discover that you provided some inaccurate figures. in a few cases, you inadvertently overstated by
    14·2 answers
  • When entering variables in a spreadsheet function (or in a financial calculator) the "sign convention" can be critical to achiev
    6·2 answers
  • If oregon passed a statue that prohibited liquor stores
    11·1 answer
  • Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease.
    5·1 answer
  • Highly anxious drivers have significantly longer_____ Times as tasks increased in difficulty
    6·1 answer
  • Do you think workers of a company need to join in a trade union? Justify your answer
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!