1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
The income statement of Benning Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Wages Expe
Rom4ik [11]

Answer:

Net Income = $1,250

Explanation:

Benning Co.

Income Statement

For the Month Ended July 31, 2010

Particulars                             $                     $

Revenues                                                6,000 (1)

Expenses:

Wages Expense               2,600 (2)

Supplies Expense            1,000 (3)

Utilities Expense                600

Insurance Expense            400

Depreciation Expense       150

<em>Total expenses                                 </em><u><em>      4,750   </em></u>

Net Income                                            $1,250

<u><em>Note:</em></u>

1. Revenues = 5,500 + 500 (Adjustment 5) = $6,000

Performed services not recorded will add.

2. Wages expense = $2,300 + 300 (Adjustment 3) = $2,600

Accrued wages not paid will add to the wages expense.

3. Supplies Expense = $1,200 - 200 (Adjustment 2) = $1,000

Supplies expense includes supplies on hand will decrease the supplies expense.

3 0
3 years ago
Consider the market demand for peanut butter.Complete the following table by indicating whether an event will cause a movement a
EleoNora [17]

Answer:

A change in the expectations of consumers about prices - a shift of the demand curve for peanut butter

A decrease in the price of peanut butter - a movement along the demand curve for peanut butter

A decrease in the number of consumers - a shift of the demand curve for peanut butter

Explanation:

Only a change in price of a product would lead to a movement along the demand curve for that product.

A decrease in the price of peanut butter would increase the quantity demanded for butter. This would lead to a movement down the demand curve.

A change in the expectations of consumers about prices can shift demand curve either to the left or right.

A decrease in the number of consumers would shift the demand curve to the left.

I hope my answer helps you

8 0
4 years ago
The slope of the demand for loanable funds curve represents the...
USPshnik [31]

Answer: c. negative relation between the real interest rate and saving.

Explanation: Savings belong to what an economy saves from its income, which in turn represents national savings. We also have the investment and the net capital flow. The balance is reached when the amount of savings equals investment and net capital flows or demand for loanable flows.

Therefore, we can say that the demand is negative when interest rates rise, since this retracts the economy and decreases the savings and thus the money available to lend.

7 0
3 years ago
Peter Ittig's department store, Ittig Brothers, is Amherst's largest independent clothier. The store receives an average of 8 re
Irina-Kira [14]

Answer:

C-chart is the best suited for this since it is widely used to determine if the defects or returns are within the control limits or not.

Mean = average = 8 per day

Z=3

UcL = mean + 3[square root of mean]= 8+ 3 (Sq root of 8) = 16.48

LcL= mean - 3[ square foot of mean] = - 0.485

So the returns are within the control limits.

6 0
4 years ago
Describe how the ethical codes of your company support or inhibit how these individual characteristics impact employee morale an
Marina86 [1]

Explanation:

Codes of ethics are essential in every organization to be a parameter of employees' moral conduct. Through the code of ethics, the organization induces its people to take actions and behaviors that are positive for the organizational environment and the company's culture, as well as encouraging employees to act in accordance with the company's identity and moral values ​​and also from society.

In a globalized environment, work environments have become multicultural, which should be understood in the code of ethics, which when effective and aligned with organizational objectives will positively impact on motivation and organizational performance, since the organization will have the image and the positioning of a company that preserves individual values, morals and positive development practices in society.

6 0
3 years ago
Other questions:
  • Wanderlust gave a security interest in his Conestoga wagon to Iowa Bank, which perfected its security interest by filing a finan
    15·1 answer
  • Select all the correct answers.
    8·2 answers
  • As a person receives more of a good, the _______________ from each additional unit of the good declines.
    11·1 answer
  • Why do executives and managers spend more time listening than do workers?
    7·2 answers
  • Before the case of Macpherson v Buick Motor Car in 1916, the law based liability for injuries due to a defective product on:____
    11·1 answer
  • The critical issue in the debate over the merits of the for-profit hospital structure is whether the profit motive has a negativ
    7·1 answer
  • Even though most corporate bonds in the united states make coupon payments semiannually, bonds issued elsewhere often have annua
    9·1 answer
  • Females, it is said, make 70 cents to the dollar in the United States. To investigate this phenomenon, you collect data on weekl
    7·1 answer
  • Which phrase best completes the diagram? Macroeconomic Goals for a Society ? Stable prices Economic growth
    7·1 answer
  • _____ is an organization that is calling for an end in using nonhuman animals in research.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!