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erastova [34]
3 years ago
9

Last year Martha could grow 20 bushels of basil or 25 bushels of cilantro on each acre of land that she farmed. This spring, she

discovered a free organic fertilizer that allows her to double the amount of cilantro that she can grow on each acre, ceteris paribus. How has Martha's opportunity cost changed with this discovery______________________
Business
1 answer:
Lyrx [107]3 years ago
7 0

Answer:

Martha's opportunity cost of growing cilantro over basil has decreased by 50%

Explanation:

Last year Martha's opportunity cost of growing cilantro over basil was 20/25 = 0.8 bushels of basil per bushel of cilantro. Since her productions possibilities frontier of cilantro has doubled this year, her opportunity cost of growing cilantro over basil is 20/50 = 0.4 bushels of basil per bushel of cilantro.

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Fill in the missing numbers for the following income statement. (Input all amounts as positive values. Do not round intermediate
Strike441 [17]

Answer: See explanation

Explanation:

Sales = 747300

Less: Costs = 582600

Less: Depreciation = 89300

EBIT = 75400

Less: Taxes at 22% = 22% × 75400 = 16588

Net income = EBIT - Taxes = 75400 - 16588 = 58812

a. Calculate the OCF.

OCF will be calculated as:

= Net income + Depreciation

= 58812 + 89300

= 148,112

b. What is the depreciation tax shield?

Depreciation tax shield will be:

= Depreciation × Tax rate

= 89300 × 22%

= 89300 × 0.22

= 19646

5 0
2 years ago
Minimum-wage laws can keep wagesa.a) above equilibrium and cause a surplus of labor.b) above equilibrium and cause a shortage of
Airida [17]

Answer:

The correct answer is option a.

Explanation:

Minimum wages can be defined as the minimum level of wages that an employer is supposed to pay to workers for their work. It cannot be reduced through an individual contract or collective agreement.  

Minimum wages are fixed above the equilibrium level of wages. At this level, the demand for labor is lower while supply is more because of high wages. This creates surplus labor in the market.  

4 0
3 years ago
At the start of the current year, Company A purchased 30% of Company B for $45 million. At the time of purchase, the carrying va
brilliants [131]

Answer: a. $4.5 million

Explanation:

The depreciation to be recognized is;

= Value of Depreciable assets * Percent of company owned

= 15,000,000 * 30%

= $4,500,000

5 0
3 years ago
Which of the following should not be recorded in income and expenditure account?
kirill [66]

Answer:

C. honorarium paid to the secretary

Explanation:

6 0
3 years ago
Amounts owed to suppliers for supplies purchased on account are defined as
OlgaM077 [116]
The term being referred in the item above is called as "Accounts Payable". By the words being used in the term itself, it may be easily determined that this is a liability being owed to the supplier and should be payed in any terms, such as notes, check, or cash. 
5 0
3 years ago
Read 2 more answers
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