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
7g-9 ( 2g + 1 ) = 13
tatiyna
The answer to the question is g=-2

7 0
4 years ago
Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor
maw [93]

Answer:

Journal entry for raw material used will be :

Dr. Work in process Inventory $141,000

Cr. Raw materials Inventory $141,000

Explanation:

The beginning Raw Materials Inventory balance = $22,000

The materials used to complete jobs during the month = $141,000 of direct materials and $13,000 of indirect materials

Journal entry for raw material used will be :

Dr. Work in process Inventory $141,000

Cr. Raw materials Inventory $141,000

The form of inventory is modified but the company's assets remain in the form of Work in Process. Assets are debited at all times.

5 0
3 years ago
Consider these situations. In each situation, is the demand for the good elastic or inelastic?
Kryger [21]

Answer:

Explanation:

Demand is the amount of a good or service consumers wants

| Consumer demand can change often; for many reasons

plz mark as brainliest

3 0
4 years ago
Read 2 more answers
__________ refers to a reduction in the proficiency needed to perform a specific job that leads to a corresponding reduction in
otez555 [7]
That would be "Job deskilling."  

hope that helps
8 0
3 years ago
Read 2 more answers
Suppose NanoSpeck, a biotechnology firm, is selling bonds to raise money for a new lab—a practice known as __________(equity or
const2013 [10]

Answer:

The correct answers are:

- Debt.

- An IOU promise to pay.

- The stockholders.

Explanation:

To begin with, in the field of finance the <em>bond</em> is an instrument of <u>indebtedness</u> of the bond issuer to the holders. Moreover, this instrument is also known as a <u>debt security</u> under which the party that generated the bond owes a debt to the holder of the bond and must pay ir under certain circumstances stipulated at the time of the purchase, therefore that it is known that the bond is a form of<u> ''I owe you'' or IOU</u> promise to pay. Furthermore, the <u>bondholders are only lenders</u> and therefore they do not owe a part of the company, so that means that if the company runs into financial difficulty then the stockholder, who do owe a part of the company, will be paid first.

3 0
3 years ago
Other questions:
  • In a workplace, ________ involves overt threats or bullying directed at members of specific groups of employees.
    13·1 answer
  • Which of the following best describes the group development pattern known as punctuated equilibrium?
    15·2 answers
  • Which of the following is a con of buying a franchise?
    9·1 answer
  • The process by which management plans, evaluates, and controls long-term investment decisions involving fixed assets is called _
    13·1 answer
  • A profit-maximizing monopolist charges a price of $12. The intersection of the marginal revenue and marginal cost curves occurs
    9·1 answer
  • Mark produced 9 cans of sauce with 3 pounds of tomatoes. When he increased to 5 pounds, he produced 13 cans. What is the margina
    15·1 answer
  • Give the six steps involved in the decision making process​
    11·1 answer
  • Guidance and discipline strategies in emergency child care setting should ?
    5·1 answer
  • Kumar Inc. uses a perpetual inventory system. At January 1, 2020, inventory was $214,000,000 at both cost and realizable value.
    6·1 answer
  • As a business owner, explain the importance of scanning the internal and external environment of a business.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!