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RSB [31]
3 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]3 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]3 years ago
4 0

Answer:

The correct answer is c. is equal to 1.

Explanation:

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The <u>eclectic paradigm</u> argues that combining location specific assets or resource endowments and the firm's own unique assets often requires FDI.

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2 years ago
A(n) __________ is one that appears to be an agreement but lacks an essential requirement for validity and enforceability. Multi
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A document that purports to be an agreement but does not include all necessary terms is known as a void contract. Therefore, choice 3 is right.

<h3>What do you mean by a contract?</h3>

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3 0
2 years ago
Steak Company acquired a building valued at $170,000 for property tax purposes in exchange for 10,000 shares of its $5 par commo
Yuliya22 [10]

Answer:

$160,000

Explanation:

Data provided in the question:

Value of the building acquired = $170,000

Number of shares exchanged = 10,000

Selling price of the stocks = $16 per share

Now,

The amount for which the building will be recorded by Steak Company is the market value of the shares that has been exchanges to acquire the building.

Therefore,

The amount for which the building will be recorded by Steak Company

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3 0
2 years ago
Heedy Winery accumulates the costs incurred in the labeling process in an activity cost pool. Costs for the labeling process are
klasskru [66]

Answer:

$80,000

Explanation:

The computation of allocation labeling expenses is shown below:-

Overhead rate = Labeling process cost ÷ Labels generated

$320,000 ÷ $640,000

= $0.5 per label

Allocation labeling expenses = Wine estimated bottles × Overhead rate

= $160,000 × $0.5

= $80,000

Therefore for computing the allocation labeling expenses we simply applied the above formula.

6 0
3 years ago
The activities of the federal reserve board have the most direct influence on.
mamaluj [8]

Answer:

The activities of the Federal Reserve Board have the most direct influence on: bank interest rates, monetary policy (interest rates, credit, etc.) 

7 0
1 year ago
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