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3 years ago

Land used for raising crops or livestock is generally called a

Business

2 answers:

lozanna [386]3 years ago

8 0

Answer:

A tract of land used for raising crops or livestockcan be called a field or a farm.

Dafna1 [17]3 years ago

4 0

Answer:

A tract of land used for raising crops or livestock can be called a field or a farm.

You might be interested in

if a firm's total revenue is equal to $800 and its total costs are equal to $472, what are its profits?

Sergio [31]

Answer:

Gross profit= $328

Explanation:

Giving the following information:

Sales revenue= $800

Total costs= $472

To calculate the total profit of this company, all we have to do is deduct from earnings all the cost components. I will assume that total costs include both fixed and variable costs.

Gross profi= 800 - 472

Gross profit= $328

5 0

3 years ago

Stephanie, Inc. sells its product for $40. The variable costs are $18 per unit. Fixed costsare $16,000. The company is consideri

Naddika [18.5K]

Answer:

The current BEP is 727 units

with the proposed change it will be 875 units

The change increase the break even point by 148 units

Explanation:

The BEP in units will be:

$\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}$

Where:

$Sales \: Revenue - Variable \: Cost = Contribution \: Margin$

40 - 18 = 22 contribution margin

then we calcualte BEP

16,000 / 22 = 727,27 units

with the proposed change:

40 - 16 = 24 contribution margin

16,000 + 5,000 = 21,000 fixed cost

21,000 / 24 = 875

875 - 727 = 148

3 0

3 years ago

Suppose you invest 60% of your portfolio in campbell soup and 40% in boeing. the expected dollar return on your campbell soup st

DiKsa [7]

Boeing stock has increased to about 41.4% while Campbell soup has decreased to about 58.5%. This is because Boeing's rate of return was significantly higher than Campbell's soup, therefore with the returns added in, the portion of the portfolio that is invested in Boeing has increased.

4 0

4 years ago

1. The language of price controls Suppose that, in a competitive market without government regulations, the equilibrium price of

Scilla [17]

Answer:

Government legal minimum price $4.50 : Price Floor [Binding]
Government maximum set price $4.50 : Price Ceiling [Non Binding]

Explanation:

Price Ceiling is the maximum mandated price by the government , at which a commodity can be sold in the market. It is binding if price ceiling is set below the free market equilibrium price level. It is usually set to protect interests of buyers.

Price Floor is the minimum mandated price by the government, at which a commodity can be sold in the market. It is binding if price floor is set above the free market equilibrium price level. It is usually set to protect interest of sellers.

'The government has instituted a legal minimum price of $4.50 per gallon for gasoline' is an example of Price Floor. As floor price 4.50 > equilibrium price 4 , it is binding.

'The government prohibits gas stations from selling gasoline for more than $4.50 per gallon' is an example of Price Ceiling. As price ceil 4.50 > equilibrium price 4 , it is non binding.

4 0

3 years ago

The model of competitive markets relies on these three core assumptions: 1. There must be many buyers and sellers—a few players

Maksim231197 [3]

Answer:

The government has granted the U.S. Postal Service the exclusive right to deliver mail. It is not a competitive market. This situation implies that there is a unique seller, which violates the first assumption made (many buyers and sellers), and because of it the U.S Postal Service is not price taking (it can influence on prices).
There are hundreds of high school students in need of algebra tutoring services in Miami. Dozens of companies offer tutoring services, and the parents who seek out tutors view the quality of the tutoring at the different companies to be largely the same. It is a competitive market. There are many sellers and many buyers (students' parents) which in practice implies that all of them are price takers. The quality of classes is the same for all companies which implies that the product is homogeneous (identical product), and if tutoring companies can entry or leave the market freely if when convenient (because there is not a law that prohibits entry for example, and if there is more profitable for them they just can go to work to others states of the country), all conditions are fulfilled.
A few major airlines account for the vast majority of air travel. Consumers view all airlines as providing basically the same service and will shop around for the lowest price. It is not a competitive market. There are many buyers, but not many sellers, wich implies that companies can collude (agree on higher prices for example). Because of the magnitude of investment related to airline industries, resources are not fully mobile: it is expensive to enter and to exit this market, and that generates a natural barrier to the third principle anounced in the statement.
There are hundreds of colleges that serve millions of students each year. The colleges vary by location, size, and educational quality, which enables students with diverse preferences to find schools that match their needs. It is not a competitive market. The product that is commercialized is not identical (education varies by location, size, quality, etc), which means that the service is not homogeneous, therefore, one of the conditions needed is not accomplished.

6 0

3 years ago