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
hichkok12 [17]
3 years ago
13

A farmer in Germany can use his land to produce corn or wheat. Suppose he can produce 1 million bushels of corn if it devotes al

l of its land to corn or 10 million bushels of wheat if it devotes all time to wheat. Plot the PPF with corn on the vertical access and wheat on the horizontal axis. What is the opportunity cost of a bushel of corn
Business
1 answer:
Amiraneli [1.4K]3 years ago
4 0

Answer:

1/3 bushel of rye

Explanation:

Given that the farmer produces 30 bushels of corn every year but using the entire field on producing 30 corn bushels would cost 10 rye bushels. Thus, the opportunity cost of producing one bushel of corn would be 1/3 bushel of rye(10/30). The slope of the farmer's PPF would be -1/3 and hence, the opportunity cost of the farmer can be calculated by considering the reciprocal of a bushel of corn's opportunity cost.

You might be interested in
Steady-state means:
Setler [38]

Answer:

the price of bonds will tend to

fall!

Explanation:

the price of bonds will tend to

fall!investment the price of bonds will tend to

fall!the price of bonds will tend to

fall!investment = depreciationinvestment = depreciationinvestment = depreciationthe price of bonds will tend to

fall!investment = depreciationinvestment = depreciationinvestment = depreciationinvestment = depreciationinvestment = depreciation depreciation

7 0
2 years ago
Purchased goods for $4,100 from Diamond Inc. with terms 2/10, n/30. 5 Returned goods costing $1,100 to Diamond Inc. for credit o
bazaltina [42]

Answer: $3,940

Explanation:

Purchase from Diamond

The company received a discount of 2% because they paid within 10 days as per the terms of the sale.

Cost of inventory from Diamond:

= (Cost of goods - Returns) * (1 - 2%)

= (4,100 - 1,100) * 98%

= $2,940

Purchase from Club

Discount period expired so the full $1,000 is paid.

Total inventory cost:

= 2,940 + 1,000

= $3,940

4 0
2 years ago
Which of the following would be the best place to discuss your interests or extracurricular activities?
Alinara [238K]

Answer:

B. A cover letter

Explanation:

An internship is a student working in an organization, a cover letter (which is the right answer) can state your interests or extracurricular activities to show your interest in taking the job, a resume is for your past job experiences and a thank you letter is... a thank you letter-

8 0
3 years ago
John is a subunit manager at a large consumer packaged goods manufacturer. Every year, he and the managers of the other subunits
jeyben [28]

Answer:

Bottom-up.

Explanation:

Bottom-up budgeting is a budgeting method that starts at the department level to the top level. Each department within the organization is required to compile a list of the things it needs, the projects it plans to carry out in the next financial period, and the cost estimates.

3 0
3 years ago
Assume the market for spiral bound notebooks is in equilibrium. All students in public schools need notebooks of some type when
alukav5142 [94]
 <span>a) If energy prices go up, manufacturing costs go up, which ultimately increases the price of the notebook. This will also most likely lead to a decrease in quantity, as the manufacturing cost per unit is higher. This is a supply determinant. 

b) In theory, the subsidy reduces the cost per unit to the manufacturer, which increases supply and often reduces price, again being a supply-side determinant. In reality, it creates an incentive for notebook manufacturers to keep doing what they are doing, disincentivizing cost-saving developments and alternatives. Why innovate when you can get free government cheese? 
Anyway, supply determinant. 

c) The price of an inferior good increasing tends to push some demand for superior goods, especially when the income to cost of good ratio remains the same for the inferior good but gets better for the superior one. Demand determinant. </span>
8 0
3 years ago
Other questions:
  • Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation
    13·1 answer
  • Coca-Cola Unbottled is an online forum where Coke fans and company insiders can "look at what's beyond the bottle," sharing post
    15·1 answer
  • What are the two deadly sins of human relations​
    9·1 answer
  • the gross sales for store B were 876500. the custmer returns and allowances were 10%. what was the dollar amount of returns and
    9·1 answer
  • Issues such as marketing's position and authority in a firm's hierarchy, the overall market orientation of the firm, and the emp
    11·1 answer
  • Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wag
    5·2 answers
  • Pyrdum Corporation produces metal telephone poles. In the most recent month, the company budgeted production of 3,500 poles. Act
    15·1 answer
  • Customer groups represent different segments if: ___________.a. Their needs require different products/services or different pri
    9·1 answer
  • An event management company is considering the position of head of customer relations. Among the group leaders, Ms Hoa Mr Lam ar
    15·2 answers
  • Suppose buyers of rackets and tennis balls regard the two goods as complements. then an increase in the price of rackets will ca
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!