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
Maksim231197 [3]
3 years ago
9

Farmer Brian has 3 acres of land which he farms efficiently. Each acre can support 10 apple trees. However the 3 acres differ in

their ability to support orange trees. He can grow 30 orange trees on the best land, 20 orange trees on the ok land, and 10 orange trees on the bad land. If he initially has all is land growing apples, what would be the opportunity cost of growing an orange tree
Business
1 answer:
Stella [2.4K]3 years ago
7 0

Answer:

According to the question, the 3 acres of land can support 10 apple trees irrespective of the land quality.

But there is an issue in cultivating orange trees because it requires some land of good quality for better production results.

Opprtunity cost is sacrifying return from one project to attain the return from the another project.

This means opportunity cost of growing 30 orange tree on the best land is 30 apple tree, growing 20 orange trees on ok land is 30 apple tree and growing 10 orange trees on bad land is also 30 apple trees.  

So from the opportunity cost scenario, it is better to cultivate orange only if the price and land quality is best otherwise, apple trees are the best option here.

You might be interested in
The price of a stock is:_______.a) the future value of all expected future dividends, discounted at the dividend growth rate. b)
goldfiish [28.3K]

Answer:

The answer is D.

Explanation:

The price of a stock is also known as price of equity. This is the price the equity of a company is presently worth. The price the potential investors will be able to purchase it. One of the ways of calculating price of a stock is the Dividend Discount Model which can be calculated by:

Ke = (D1÷Po) - g

Ke is the Cost of equity(i.e the required rate of return for investors)

D1 is the next year dividend payments

Po is the price of the stock

g is the expected dividend growth rate

To get Po, we can rewrite the formula as:

Po = D1÷Ke - g÷Ke

We can see now that the expected future dividends will be discounted at the ''Ke'' which is the investors'required rate of return

5 0
3 years ago
Investing in stocks is like gambling when:
bearhunter [10]
If so maybe see hope help
6 0
2 years ago
Theresa and Bobbi bought a racecar together. They agreed to share all expenses and split net profits equally. There was no agree
mestny [16]

Answer:

<em>No she is not, a partner has the right to quit the partnership at any moment in a partnership at will. </em>

Explanation:

General partners get the option and ability to leave the joint venture at whatever moment, whereas limited and restricted partners are only allowed to leave the partnership in accordance with the terms of the partnership agreement.

Bobby is in accordance with the law to leave whenever, and hasn't broken any agreement.

Whenever a general or limited partner chooses to leave the joint venture, the business continues to remain unless it has been agreed by all partners to dissolve.

5 0
3 years ago
Banks work to earn a profit by selling financial services Group of answer choices True or false?
insens350 [35]

Answer:

True

Explanation:

Financial services are the activities rendered by any financial institution such as the banks to their customers. Most of the services are done at a fee that makes the main source of revenue for banks. The revenue is spent to pay the overall expenses of the bank. If the expenses are lower than the revenue, a bank makes profit. If expenses exceed revenue, a bank makes loss which is not mostly the case. Therefore, it is true to say that banks work to earn a profit by selling financial services.

5 0
3 years ago
Greyon spinning Mills Inc. owns 600 spinning machines out of these, only 500 are used in a given year. Given this information, t
andre [41]

Answer:

B.0.83

Explanation:

Data provided in the question

Total machines Available = 600

Number of machines used in a given year = 500

So by considering the above information, the utilization of spinning machines is

Utilization = Resource used ÷Resource available

                 = 500 ÷ 600

                 = 0.83

By dividing the resources used with the resources available we can get the utilization and the same is applied

6 0
3 years ago
Other questions:
  • Which of the following is an example of representative money?
    10·2 answers
  • The __________ insures deposits held in credit unions.
    6·2 answers
  • Which of the following statements about franchising is not true?
    11·1 answer
  • The primary reason entrepreneurs choose to incorporate is because of:
    8·1 answer
  • A year ago, the engineering team at a company got a new boss to oversee the them. Things were fine at first, but a few months in
    11·1 answer
  • According to the AMA, ______ is "the placement of announcements and persuasive messages in time or space purchased in any of the
    10·1 answer
  • Apple Valley Corporation uses a job cost system and has two production departments, A and B. Budgeted manufacturing costs for th
    10·1 answer
  • Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturin
    12·1 answer
  • A certificate of deposit offers a nominal interest rate of 3.5 percent annually.
    9·1 answer
  • carlos' firm manufactures custom-made furniture that is sold through various furniture retailers. carlos sources the wood he nee
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!