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The Belford family owens a farm near San Angelo, Texas. Three alternatives exist for how to use the farm: a.) Grow cotton. Cotton yield would be 500 pounds per acre. The price of cotton is $0.96 per pound and production expenses are $ 285 per acre. b.) Grow wheat. Wheat yield would be 50 bushels per acre. The price of wheat is $7.25/bu and production expenses are $210 per acre. c.) Lease out the acres. The Belfords' neighbor Auld McDonald, will pay $200 per acre for leasing, but the Belfords would still have expenses of $40 per acre. Based on this information, answer the following: Which alternative should the Belfords undertake and why? Given your answer to the previous question, what is the Belfords' opportunity cost per acre? What is the total economic cost per acre for your answer?
q.mccullough has a monopoly on rental dwellings in the local community. the demand for rental dwellings is p 1400 -
Imagine that you are an international reporters. You have been tasked with describing and critiquing the current state of the U.S. economy.
The output, revenue, and profits for a firm under bad times for a firm in isolation and in a pooled labor market. b) the output, revenue, and profits for a firm under good times for a firm in isolation and in a pooled labor market.
Illustrate what would have been the welfare implications of a ban on oil imports.
illustrate what does this mean for the survival of small firms in the industry.
Assume that the risk free rate is 4% (i.e. RF = 4% ) and the return on market portfolio is 10% (Rm = 10% ) use CAPM to calculate the cost of capital of Dell. Estimate Beta or systematic risk of Dell.
how would you treat the possible future costs of a lawsuit that may occur as a result of this project, where the cost of the lawsuit might range from $10,000 to $500,000 with an associated probability distribution?
Explain how much smaller (in percentage terms) is each generation than the previous generation.
q. step 1 select a foreign currency as described above.step 2 perform your research. the content of your textbook can
Suppose we are with a real estate agency that has the following houses listed in a specific geographic area. $150,000; $146,000; $152,000; $155,000; $143,000; $157,000; $180,000; $148,000; $154,000; $146,000; $155,000
If there are multiple highest bids, then the winner is the bidder whose valuation is the highest or whose index is the smallest among the highest bidders.
Suppose a monopolistic competitor and long-run equilibrium has a constant marginal cost of six dollars and faces the demand curve given in the following table: What output will the firm choose? What will the monopolistic competitor's average fixed co..
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