<span>The answer is True. The four factors mainly used for production is, Land(means natural resources and technology), labor(working people for dedication to work), capitol(investment and government assistance totally that represent services) and entrepreneurship(the activity of setting up a business).</span>
Answer:
Max: 
Subject to:
Explanation:
Given
Let:
Required
Formulate a linear optimization model
<u>Constraints for time:</u>
For the general assembly (hours), we have the following parameters:
So, the expression is:
--- (1)
For the electronic assembly (hours), we have the following parameters:
So, the expression is:
--- (2)
Solving further [Time available]:
So, (1) and (2) becomes:
<u>Constraints for selling:</u>
--- at most
-- at most
The above can be represented as:
<u>Earnings contribution:</u>
The objective function to be maximized can then be modelled as:
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.
Based on the type of cost that the original cost of the machine is, we can say that it represents a sunk cost.
<h3>What is a sunk cost?</h3>
This is a cost that a business has already incurred as regards a certain investment or asset. This cost cannot be recovered and so should not have any weight on future decisions made.
The original cost of the existing machine of $10,000, is a sunk cost because the company has already incurred it and cannot recover it.
Find out more on sunk costs at brainly.com/question/24976252.
Answer:
False advertising and deceptive business practices. Consumer fraud issues. Predatory lending and financial scams. Issues regarding product safety and defects.
