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RSB [31]
4 years ago
14

A farmer has the ability to grow either corn or cotton or some combination of the two. Given no other information, it follows th

at the farmer’s opportunity cost of a bushel of corn multiplied by his opportunity cost of a bushel of cotton. a. is equal to 0.
b. is between 0 and 1.
c. is equal to 1.
d. is greater than 1.
Business
2 answers:
Rom4ik [11]4 years ago
5 0

Answer:

C) is equal to 1.

Explanation:

The opportunity cost of growing a bushel of corn instead of cotton = cotton bushels / corn bushels

The opportunity cost of growing a bushel of cotton instead of corn = corn bushels / cotton bushels

if we multiply both opportunity costs, the answer will always be 1 = (cotton bushels / corn bushels) x (corn bushels / cotton bushels).

i.e. a/b x b/a = 1 always

notsponge [240]4 years ago
4 0

Answer:

The correct answer is c. is equal to 1.

Explanation:

You might be interested in
ESS is helpful for- Options Top Management Middle management Operational management None of above
Fittoniya [83]
ESS is helpful for TOP MANAGEMENT.

ESS stands for Executive Support System. Like its name implies, it is a support system for executives or top management.

Top management is comprised of Board of Directors, Presidents, Vice-President, Chief Executive Officers, General Managers, and Senior Managers.

ESS provides the top management pertinent data that will help them in their decision making process.
8 0
3 years ago
Consider the following information: Portfolio Expected Return Standard Deviation Risk-free 7 % 0 % Market 12.2 31 A 11.0 20 a. C
Gennadij [26K]

Answer:

The Sharpe ratios for the market portfolio and portfolio A is 0.1677 and 0.2 respectively

Explanation:

The computation of the Sharpe ratio is shown below:

= (Expected Rate of Return - Risk-free rate of return) ÷ (Standard Deviation)

For Market portfolio, it would be

= (12.2% - 7%) ÷ (31%)

= 5.2% ÷ 31%

= 0.1677

For portfolio A, it would be

= (11% - 7%) ÷ (20%)

= 4% ÷ 20%

= 0.20

Simply we apply the Sharpe ratio formula in which the risk-free rate of return is deducted from the expected return and the same is divided by the Standard Deviation

7 0
3 years ago
Paul and Michael sell magazine subscriptions by telephone. Paul is paid $1.00 for every five calls he makes, while Michael is pa
lesya [120]

Answer:

Fixed-ratio; variable-ratio

Explanation:

Paul’s telephoning is reinforced on a fixed-ratio schedule, whereas Michael’s is reinforced on a variable-ratio schedule.

A fixed ratio reinforcement schedule: They are a set number of responses that must occur before the behavior is rewarded. This means the number of responses to be exhibited by an individual in order to be rewarded is fixed.

Fixed-ratios are better used to optimize the quantity of output.

Variable ratio reinforcement schedule: The number of responses needed for a reward varies. This implies that the number of responses to be rewarded varies according to requirement. It is a partial reinforcement.

4 0
3 years ago
Priscilla owns 500 shares of Deltona stock. It is January 1, 2016, and the company recently issued a statement that it will pay
kotykmax [81]

Answer:

Priscilla's homemade dividend per share be in 2017 will be $3.585

Explanation:

In order to calculate what will be Priscilla's homemade dividend per share be in 2017 we would have to use the following formula:

homemade dividend=(Dividend in 2016×(1+Required rate))+Dividend in 2017

homemade dividend=($1×(1+8.5%))+$2.50

homemade dividend=$1.085+$2.50=$3.585

Priscilla's homemade dividend per share be in 2017 will be $3.585

7 0
3 years ago
The estimated economic loss of all motor vehicle crashes in 2012 was $26,000.
tankabanditka [31]

The estimated economic loss of all motor vehicle crashes in 2012 was $26,000.

<u>True</u>

What is economic loss?

Economic loss is a term of art that describes financial loss and damage sustained by a person that only appear on a balance sheet and do not manifest as actual physical harm to the person or their possessions.

The difference between the proceeds from the sale of an output and the price of each input used, as well as any opportunity costs, is known as an economic profit or loss. Opportunity costs and explicit costs are subtracted from revenue received to determine economic profit.

To know more about Economic loss visit:

brainly.com/question/14433831

#SPJ4

4 0
2 years ago
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