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IrinaVladis [17]
3 years ago
13

A farmer is deciding whether or not to add fertilizer to his or her crops. If the farmer adds l pound of fertilizer per acre, th

e value of the resulting crops rises from $80 to $100 per acre. According to marginal analysis, the farmer should add fertilizer if it costs less than:
a. $12.50 per pound
b. $20 per pound.
c. $80 per pound.
d. $100 per pound.
Business
1 answer:
uranmaximum [27]3 years ago
4 0

Answer:

b. $20 per pound.

Explanation:

If the farmer adds l pound of fertilizer per acre, the value of the resulting crops rises from $80 to $100 per acre, then the increased value is $20 = ($100 - $80)

So in order to have profit, the cost of 1 pound of fertilizer must be less than the increased value of $20

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Answer:

Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time. ... Work opportunities for a financial accountant can be found in both the public and private sectors.

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A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data:Year Att
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Answer:

Answer: Option “ D” = 16000

Explanation:

Answer for the question:

A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data:Year Attendance4 years ago 10,0003 years ago 12,0002 years ago 18,000Last year 20,000What is this year's forecast using exponential smoothing with alpha = .2, if last year's smoothed forecast was 15,000?A. 20,000 B. 19,000 C.17,500 D.16,000 E.15,000What is this year's forecast using the least squares trend line for these data?A. 20,000 B. 21,000 C. 22,000 D. 23,000 E. 24,000

is explained in the attachment.

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4 years ago
The multiplier is useful in determining the full-employment unemployment rate level of business inventories change in the rate o
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Answer:

The multiplier is useful in determining the change in GDP resulting from a change in spending

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4 years ago
When looking at a firm's behavior, you know it is engaging in price discrimination when it:__________
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Answer:

a. charges a different price to different customers that is not reflective of the firm's costs.

Explanation:

The price discrimination strategy occurs when an organization charges a different price to different customers that does not reflect the company's costs, that is, the company divides its potential customers into groups, usually based on customer perceptions and characteristics and demographic data to evaluate which group of customers is willing to pay more or less for a particular product or service.

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Services differ from manufacturing for all of the following reasons EXCEPT: a. Heterogeneity b. Time-perishable capacity c. Simu
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Answer:C. Simultaneous production and consumption.

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Production and consumption occuring at the same time will not make products to differ.

Heterogenity which refers to different qualities in firms will lead to different products. Time perishable capacity which means idle time during low patronage will still allowed products differences, Abilities to limit the discretionary input of personnel will not debar product differences and Customer provides significant input into the process will allowed products differences.

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