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Serhud [2]
2 years ago
11

With the new​ technology, the opportunity cost of producing a chicken​ _____ because​ _____ soybeans must be forgone to produce

a chicken.
Business
1 answer:
dexar [7]2 years ago
8 0

The full question is:

A farm grows soybean and produces chickens. The opportunity cost of producing each of these products increases as more of it is produced.

The farm adopts a new technology which allows it to use fewer resources to produce soybean.

With the new​ technology, the opportunity cost of producing a chicken​ _____ because​ _____ soybeans must be forgone to produce a chicken.

Answer:

increases​; more

Explanation:

Opportunity cost is the forgone alternative when a particular line of action is undertaken. For example in the given scenario more production of chicken will lead to loss of soyabean production and vice versa.

So when there is production of more chicken more opportunity cost is incurred because more of soyabean production is forgone in order to produce the chicken.

Economists consider opportunity cost seperately from the actual cost incurred in taking up a particular activity.

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In United States v. Butler, the Supreme Court overturned the Agricultural Adjustment Administration (AAA) because
joja [24]

Answer:

The correct answer is the tax on food processors was unconstitutional.

Explanation:

On January 6, 1936, the Supreme Court decided in the United States v. Butler, that the act was unconstitutional for the collection of this tax on processors only so that it will be returned to the farmers. The regulation of agriculture was considered a state power. As such, the federal government could not force states to adopt the Agricultural Adjustment Act due to lack of jurisdiction. However, the Agrarian Law of 1938 remedied these technical problems and the agricultural program continued.

3 0
3 years ago
True or False
Ilya [14]
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6 0
2 years ago
Kendall Company has sales of 1,000 units at $60 a unit. Variable expenses are 30% of the selling price. If total fixed expenses
Lelu [443]

Answer:

There are several ways to compute the degree of operating leverage (DOL). A fairly intuitive approach is expressed below.

DOL = (sales - variable costs) / (sales - variable costs - fixed costs)

For Kendall, the DOL is computed as follows:

DOL = (1,000 * $60 - 1,000 * $60 * .30) / (1,000 * $60 - 1,000 * $60 * .30 - $30,000) = 3.5

<em>hope this helps</em>

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8 0
2 years ago
"The current philosophy among managers today is best described as transaction management."A. TrueB. False
EastWind [94]

Answer:

A. True

Explanation:

Transaction management is a current philosophy among managers, in which the managers develop future-oriented processes and  and implement programs that helps to solve business problems along side bring out the best in each employee. This management philosophy can also be said to be one in which a manager undertakes personnel management, time management and also organizational management.

Cheers.

6 0
3 years ago
Which of the following from the institutional view is true about the two essential dimensions of organization? a. The technical
____ [38]

Answer:

The institutional structure is that part of the organization most visible to the outside public

Explanation:

An organization ecosystem is defined simply as a system formed by the relationship or interactions of a community of organizations and their environment.

Organizational niche:

is simply an area, region or domain of unique environmental resources and needs.

An Organization is simply defined as a body or and entity that have clear inside/ outside boundary that work towards an explicit aims.

The institutional view is of the notion that when an organizational field is just getting started, diversity is the norm, but later there is a push for similarity.

4 0
2 years ago
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