Bushels of squash

Assignment Help Business Economics
Reference no: EM13732345

Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is a) 0.62 bushels of squash b) 1.6 bushels of squash c) 3 bushels of squash d.) 5 bushels of squash 20.

Reference no: EM13732345

Questions Cloud

Charge of development for a developing country : Imagine you are in charge of development for a developing country and were approached by a multinational corporation interested in locating in your country. Identify some of the benefits and some of the costs to the host country from allowing a multi..
Characteristics of a perfectly competitive market : Why are many online service markets likely to be perfectly competitive? Recently, competitors of Plug and Play have been opening their own shared- workspace centers. Does the market for shared workspace likely possess characteristics of a perfectly c..
Graph a monopoly : Graph a Monopoly. Compare the price, quantity, and ATC of a monopoly with a perfectly competitive firm. Who is more efficient and why?
Economy transitioning from socialism to capitalism : The movement in the direction of a market-based system with freely determined prices, competition, profits, private ownership, and other features of capitalism is not simple. Discuss some of the challenges associated with an economy transitioning fro..
Bushels of squash : Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is a) 0.62 bushels of squash b) 1.6 bushels of squash c) 3 bushels..
Product in perfectly competitive market : A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm’s total costs are C(Q) = 50 + 12Q + 2Q2. How much output should the firm produce in the short run? What price should the firm charge..
What is the function of budget constraint for charlie : Charlie likes both apples and bananas. He consumes nothing else. Charlie consumes x1 bushels of apples per year and x2 bushels of bananas per year. What is the function of budget constraint for Charlie and the marginal utility for the apples and bana..
Unemployment is a more serious economic problem : Unemployment is a more serious economic problem than inflation and it should be the focus of the Fed’s monetary policy.” Evaluate this statement and explain why the Fed’s primary policy goal is price stability.
Revised expected future exchange rate influences : Yesterday, the current exchange rate was $ 1.05 Canadian per U. S. dollar and traders expected the exchange rate to remain unchanged for the next month. Today, with new information, traders now expect the exchange rate next month to fall to $ 1 Canad..

Reviews

Write a Review

Business Economics Questions & Answers

  Assume your elasticity of demand for your parking spaces

Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing.

  Consider a wide range of careers

Assume that society changed as well as encouraged both young women as well as young men to consider a wide range of careers.

  How are regression results evaluated

Summarize the components that support the Cobb-Douglas function, as well as its shortcomings. How are regression results evaluated? Is any single way better than another? Explain your answer.

  As government subsidizes investment likely with an

as government subsidizes investment likely with an investment tax credit the subsidy often applies to only various

  What happens to total revenue

What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram.

  What is the return on operating capital that biddle

what is the return on operating capital that BIDDLE is currently deriving? Then if J.P. Morgan chase is loaning operating capital to the company at 7.5%, what is the cost of capital for the BIDDLE Company and is the company covering opportunity c..

  How individuals obtain utility from food and other good

Suppose individuals require a certain level of food (x) to remain alive. Let this amount be given by X0. Once X0 is purchased, individuals obtain utility from food and other goods (y) of the form.

  Allied electrons must purchase a new automatic soldering

Allied Electrons must purchase a new automatic soldering machine to meet increased demand for its electronic goods. Of all the machines considered

  The arc cost elasticity of demand

when given 5 costs also quantities over 5 months also asked for the arc cost elasticity of demand.

  Economic point of view towing a car

Elucidate why from an economic point of view towing a car illegally parked rather than just ticketing it provides a better incentive.

  Q1 suppose that the terms of trade of a nation improved

q1. suppose that the terms of trade of a nation improved from 100 to 110 over a given period of time.a by how much did

  Determine its level of profit

Determine its level of profit. (b) Suppose that a fixed costs increase to $75. Verify that this change in fixed costs does not affect the firm's optimal output.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd