The question is incomplete:
If Farmer Brown plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he gets 5 bushels of wheat. If he plants 2 bags, he gets 9 bushels. If he plants 3 bags, he gets 12 bushels. A bag of seeds costs $120, and seeds are his only cost.
Farmer Brown's total-cost curve is
a. increasing at an increasing rate.
b. increasing at a decreasing rate.
c. increasing at a constant rate.
d. decreasing.
Answer:
a. increasing at an increasing rate.
Explanation:
To determine the answer, you can create a graph with the information given hich is attached.
You can see that the curve is increasing and because of that you can eliminate option d that is decreasing. Then, you have to consider that increasing at a constant rate would show an straight line which is not the case. Also, increasing at a decreasing rate would show a decreasing slope which is not what you see in the graph. Because of that, the answer is that Farmer Brown’s total cost curve is increasing at an increasing rate because the graphs shows an increasing slope.
Answer:
Interest Expense 696 Interest Payable 696
Explanation:
Based on the information given the appropiate adjusting journal entry to be made on December 31, 2022 for the interest expense accrued to that date, If we assumed that no journal entries have been made previously to accrue interest is:
December 31, 2022
Dr Interest Expense $696
Cr Interest Payable $696
($34800*8%*3/12)
(To record interest expense accrued)
Answer: option D is correct
Explanation:
Since the quit notice is not the builders fault, the termination of contract can filed on the bases of determination where the client client has to pay profit and losses incurred until the moment of termination.
Answer:
keep producing as variable costs are being met.
Explanation:
A firm should shutdown in the short run if price is less than average variable cost. But since price is greater than the average variable cost, the firm should keep producing in the short run.
I hope my answer helps you
Answer:
c. There is a direct relationship between a good’s price and the amount offered for sale by suppliers.
Explanation:
According to the law of supply concept, it shows a direct relationship between the price and the quantity supplied.
As the price is rising, the quantity supplied also increases and if the rice is declining, the quantity supplied is also decreases
Since the supply curve slopes upward in the right direction which reflects the direct relationship between the price and the quantity supplied.
