Illustrate what would you advise farmer to do

Assignment Help Business Economics
Reference no: EM1367571

Q. Assume that half of cost of producing wheat is rental cost of land (a fixed cost) and half is cost of labour and machines (a variable cost). If average total cost of producing wheat is $8 and cost of wheat is $6, illustrate what would you advise farmer to do?

Q. Assume that in 2001, cost of roses was $45 per dozen and 96,000 dozen were sold in Ohio. In 2002, cost of roses was still $45 per dozen, however total sales increased. Adjust graph below to show changes in market between 2001 and 2002.

 

 

Reference no: EM1367571

Questions Cloud

Determine after-tax cash flows : The Great Computer Corporation, a United State company, has a subsidiary in the Netherlands. It is deciding whether to invest $2 million of its funds in a three year project in the Netherlands.
Calculate ricks average speed for covering the distance : Tim and Rick both can run at a constant speed Vr and walk at the constant speed Vw, (Vw
Financial ethics and compliance : What are some of the ethical dilemmas encountered by traders in their pursuit of profits for both their company and themselves?
Explain sliding window sizes seem very restrictive : Given today's networking technology; 3-bit and 7-bit sliding window sizes seem very restrictive. What would be a more reasonable size today? Describe your reasoning.
Illustrate what would you advise farmer to do : If average total cost of producing wheat is $8 and cost of wheat is $6, illustrate what would you advise farmer to do.
Context of a natural or man-made disaster : Please describe these issues to me in the context of a natural or man-made disaster.
Market on a downward trend : The value at which an investor will sell a security. The value a purchaser is willing to pay for a security is the bid. The difference between the ask and bid price is the spread.
Awareness of primary prevention in families : Recognize strategies which can be used for achieving awareness of primary prevention in families.
Concluder eliability of tires : After doing a Chi-Square test ,you decided that failures are normally distributed ,with mean failure of 50,000 miles and a standard deviation of 10,000 miles. Concluder eliability of tires.

Reviews

Write a Review

Business Economics Questions & Answers

  Moral hazard is the degree of risk

The moral hazard is the degree of risk that the insurance company is taking in order to provide coverage on the individual.

  Elucidate what is the market price that would prevailed

If a second McDonald's franchise, Mac Junior, was to move into Obscure City. Elucidate what is the market price that would prevail at equilibrium in a Cournot oligopoly.

  Explain how many boxes of lettuce should the supermarket

Past history says that tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Explain how many boxes of lettuce should the supermarket purchase tomorrow.

  Development of personal computer hardware

how does development of personal computer hardware and software reversed some of the trends brought on by the industrial revolution.

  Illustrate what are the net benefits of this program

Illustrate what are the net benefits of this program. What would the net benefits be at a discount reate of 2 percent.

  Checking with government economist

Elucidate however, in checking with government economists, Hanna finds that every capita disposable income is expected to rise.

  Illustrate what happen to representative firm cost curve

If the government unexpectedly levies a five-cent tax on every gallon sold by gasoline retailers, illustrate what will happen to the representative firm's cost curves.

  Adjusting inflation

As part of your answer converse whether or not one or more of the legs of the organizational stool was unbalanced.

  What are the effects on the growth rates of cumulative

Illustrate what are the effects on the growth rates of cumulative o/p, cumulative consumption, and also cumulative investment.

  Federal debt as a percentage of nominal gdp

On the graph below, use the blue points (circle symbol) to plot the federal debt as a percentage of nominal GDP for every of the five years elucidate how.

  Firms act independently as in the cournot model

Assume that the firms act independently as in the Cournot model i.e., each firm assumes that the other firm's output will not change.

  Elucidate by what percentage should it expect the quantity

indicates that the short run price elasticity of demand for tires is 0.9. if a tire store raise the price of a tire from $50 to $60, elucidate by what percentage should it expect the quantity of tires sold to change.

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