The answer is: [A]: "True" .
_________________________________________
Answer:
For maximum profit, we'll take tomato.
Explanation:
Total = 110 Acres
Toamto Lettuce carrots
Fertilize 5 4 2
Labour 4Hr/W 2Hr/W 2Hr/W
Fertilize 5x+4x+2X=440 it means, x=40.
5(40); 4(40) : 2(40)
Labour 4x+2x+2x= 550 it means, x=68.75
4(68.75); 2(68.75); 2(68.75);
Profit 3000 1400 400
Expenses 475 297.5 217.5
Differemce of profit 2525 1102.5 232.5
Hence tomatos are best profitable.
Answer:
The correct answer is a. behaving like a free rider
Explanation:
The free-rider problem is an economic problem that arises when an individual (stowaway) tries to receive a benefit from using a good or service but avoids paying for it. It is also known by its name in English, problem of the free rider.
The government tries to address the problems of stowaways through fiscal rules and regulations, especially to prevent the impact on the environment and excessive use of resources. Therefore, stowaways are also known as parasitic consumers, because on many occasions they consume goods and services financed by others, of which they paid nothing.
Examples of the free-rider problem
When there are public goods, such as parks, armed forces, public lighting or police, stowaways take advantage of the fact that it is not possible to exclude them from consumption and refuse to pay for them. This creates a problem of provision since although many consumers value the services they provide, there will be those who use them but do not contribute to their financing.
Answer: Having lower opportunity costs.
Explanation: Opportunity cost can be defined as the cost of next best alternative foregone. In this case, James is saving his money by taking work of a professional from a new recruit also he gets the opportunity to procure high quality materials which he was earlier not able to. Thus, he is saving a major portion of income because of a less costly alternative available.
