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Alex17521 [72]
3 years ago
7

Farmer Jack is a watermelon farmer. If Jack plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he get

s 30 watermelons. If he plants 2 bags of seeds, he gets 50 watermelons. If he plants 3 bags of seeds he gets 60 watermelons. A bag of seeds costs $100, and the costs of seeds are his only costs. What is the shape of Farmer Jack's marginal cost curve?A. Constant.B. Upward sloping.C. Downward sloping.D. U-shaped.
Business
1 answer:
maxonik [38]3 years ago
4 0

Answer:

B. Upward sloping

Explanation:

Based on the information provided within the question it can be said that the shape of Farmer Jack's marginal cost curve is an upward-sloping curve. This is a type of demand curve that illustrates a direct relationship between price of a product and the quantity that is in demand. Meaning that the more demand that exists for Jack's watermelons the higher the price will be.

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Answer:

$6,500

Explanation:

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Variable cost per hour = (High power cost - low power cost) ÷ (High machine hours - low machine hours)

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= $1.125

Now the fixed cost equal to

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= $20,000 - (12,000 hours × $1.125)

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= $6,500

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Step-by-step explanation:

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Homeko, Inc. is located in the U.S., but it has subsidiaries in Germany. When the euro appreciates relative to the U.S. dollar,
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