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
The subject is reqlly politics<br>why do we have to pay to sell stuff
gavmur [86]
Because the people selling it needs to make profit. 
8 0
4 years ago
Read 2 more answers
In the experiment described in the passage, noumenon corporation was trying to determine the price that
sattari [20]
<span>The corporation was trying to determine the price that would bring in the most money.
The pricing of the product will be determined by several main factors such as the total cost to create the products , the situation with competitors, the rarity of the products,  and the predicted average earnings that their target consumers had,</span>
7 0
4 years ago
Suppose the U.S. government imposes a quota on the number of Japanese-made cars allowed into the United States (the quota is set
Arturiano [62]

Answer:

The correct answer is c increase; remain the same.

Explanation:

Regardless of the motor market, in the technological world, audiovisual, sound and appliances, the Japanese country has evolved to become a huge world power sweeping the rest of the brands and filling all the sales lists. In addition, companies such as Toyota were gradually entering the forefront of the most Americanized and most popular vehicles in the United States. In 2007, the company displaced General Motors for the first time in the top of sales.

7 0
4 years ago
In the middle of the fourteenth century, an epidemic known as the Black Death killed a third of Europe’s population, about 34 mi
9966 [12]

Answer:

The black death epidemic resulted to death about 34 million European, left more job vacant. This was becuase many workers died while the jobs the were working on as at that time remained almost unchanged. The remained workers after the black death demanded for rise in wages, although the lords stood against the demand.

Explanation:

Although worker population decreased because of the plague, the amount of land and the tools did not change much. Some farm animals died when the people who took care of them died. Because the remaining workers had more tools and land to work, they became more productive, producing more goods and services. When workers are more productive, employers are willing to pay higher wages. The Statute of Laborers and similar laws in other countries were not very effective. Some lords avoided violating the statute by making “in kind” pay-ments—paying workers with food or other goods rather than wages—or providing other “fringe benefi ts.” Some lords began to pay illegally high wages. Wages increased because there were fewer workers—labor had become more scarce

8 0
3 years ago
Winn Co. enters into a 6-year finance lease for a copy machine with an interest rate of 8% (the present value of its $1,298 annu
Over [174]

Answer:

1298

Explanation:

Reason: Right-of-Use Asset is debited for the present value of the annual lease payment which is $1,298

7 0
3 years ago
Other questions:
  • Maybelline falls down a well and is saved when her neighbor Ruben makes a very daring rescue. Ruben hoists her to safety, and Ma
    15·1 answer
  • Karl’s Sporting Goods started as a small shop catering to the fly-fishing crowd but as requests were made for different and vari
    14·1 answer
  • Do left-handed or right-handed people make more money? one study1 recorded the hourly earnings for a random sample of american m
    5·1 answer
  • Complete the statement using the correct term.
    15·1 answer
  • All else equal, the price elasticity of demand for a good tends to be lower: A. if the good represents a large share of a consum
    10·1 answer
  • Which law authorizes Federal assistance in Presidentially declared disasters and prohibits discrimination during disaster relief
    6·1 answer
  • Help me with these please? Marking brainliest for best answer! On a time crunch
    15·1 answer
  • Jokan contributes a nondepreciable asset to the Mahali LLC in exchange for a one-fourth (25%) interest in the LLC's capital and
    7·1 answer
  • Jacob’s daily tips this work week were $99, $78, $58, $91, $90, and $68. Is Jacob correct in thinking that the median best repre
    6·1 answer
  • 2. Mr Ralston, a retired postal worker, took his trolley to the check-out at Tip-Top Supermarket. When the cashier started to en
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!