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mestny [16]
2 years ago
5

Although New York State is second only to Washington State in production of​ apples, its production has been declining during

the past 20 years. The decline has been particularly steep in counties close to New York City. In​ 1985, there were more than​ 11,000 acres of apple orchards in Ulster​ County, which is 75 miles north of New York City.​ Today, only about​ 6,000 acres remain. As it became difficult for apple growers in the county to compete with​ lower-cost producers​ elsewhere, the resources these entrepreneurs were using to produce applesparticularly landbecame more valuable in other uses. Many farmers sold their land to housing developers. Suppose a revolutionary new diet is developed that involves eating 10 apples per​ day, and the new diet becomes wildly popular. ​Source: Lisa W.​ Foderaro, "Plenty of​ Apples, but a Possible Shortage of Immigrant​ Pickers," New York Times​, August​ 21, 2007. Because of the popularity of the​ diet, the number of apple orchards within 100 miles of New York City will likely increase decrease .
What effect is the new diet likely to have on the number of apple orchards within 100 miles of New York City? What effect is the diet likely to have on housing prices in New York City?
Business
1 answer:
SCORPION-xisa [38]2 years ago
4 0

Answer:

1. Increase in number of orchards

2. Increase in housing prices

Explanation:

1. What effect is the new diet likely to have on the number of apple orchards within 100 miles of New York City?

There is going to be increased demand for apples due to this new diet and this increase in demand is going to bring about a hike in the price for apples. This price increase would make business to be viable for these apple farmers. More people would want to own orchards just to make money out of the boom in apples. Because apple farming now seems to be more profitable than other activities. <u><em>So this would cause the number of apple orchards that are within 100 miles of new york city to increase.</em></u>

2.  What effect is the diet likely to have on housing prices in New York City?

  • There would be an increase in housing prices in New york city as farmers would rather be planting apples on these lands instead of sellng them to developers for building houses. There would be a decrease in the supply of housing in New york.
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3 years ago
roarie brothers farm a seed company specializing in seed corn. at their weekly meeting they tried to calculate the portion of th
alexdok [17]

Answer:

variable cost per bushel = $0.18848

total fixed costs = $6,652

Explanation:

we can use the high-low method of accounting to determine the variable and fixed costs:

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  • highest activity level = 100,000 bushels

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variable cost per unit = (highest activity cost - lowest activity cost) / (highest activity units - lowest activity units)

variable cost per unit = ($25,500 - $7,500) / (100,000 - 4,500) = $18,000 / 95,500 bushels = $0.18848 per bushel, since the quantities are large, we cannot round up

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2 years ago
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Answer:

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The units produced will not have an impact on the total fixed costs but rather on the average fixed cost. The average fixed cost would become lower as the units produced increases.

Average fixed cost = Total fixed cost / Total units produced.

Hence , Total fixed cost = Average fixed cost × units produced

DATA

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Units - 10 units

Total fixed cost = 10 × 14 = $140

Average fixed cost for 20 units =Total fixed cost / Number of units

140/20 = $7

Average fixed cost for 20 units = $7

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