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Fed [463]
3 years ago
6

Farmer Fanny sells her crops in a perfectly competitive market. If she produces 500 bushels for total revenue of $3,000 and if h

arvesting the 501 bushel would raise her total cost from $2500 to $2510, her A) revenue will increase by $4.00 if she harvests the 501't bushel. B) revenue will fall by $4.00 if she harvests the 501st bushel. C) average fixed cost will rise if she harvests the 501st bushel. D) profit will fall by $10.00 if she harvests the 501t bushel. E) profit will fall by $4.00 if she harvests the 501" bushel.
Business
1 answer:
PolarNik [594]3 years ago
3 0

Answer:

E) profit will fall by $4.00 if she harvests the 501" bushel.

Explanation:

Please see attachment

Download pdf
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Answer:

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Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

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The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

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So, after solving this,  

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6 0
3 years ago
Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on lar
Verdich [7]

Answer:

Effect on income= $15,000 favorable

Explanation:

Giving the following information:

It has just determined that another $40,000 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $170,000. The company estimates that both lifts would have useful lives of 6 years. The new lift is more efficient and thus would reduce operating expenses by about $20,000 per year. Darcy Roofing could also rent out the new lift for about $10,000 per year. The old lift is not suitable for rental. The old lift could currently be sold for $25,000 if the new lift is purchased.

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Answer:

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