Business, 19.05.2021 09:40 benwil0622a
2 A farmer reduces the land used to grow wheat from 80 hectares to 60 hectares and increases the
use of the land for growing potatoes from 80 to 100 hectares.
What is the opportunity cost of this change?
A The output from 20 hectares used for growing potatoes.
B The output from 20 hectares used for growing wheat.
C The output from 60 hectares used for growing wheat.
D The output from 80 hectares used for growing potatoes.
Answers: 3
Business, 22.06.2019 07:30
When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?
Answers: 2
Business, 22.06.2019 14:00
Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.
Answers: 1
Business, 22.06.2019 16:00
In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.
Answers: 1
Business, 22.06.2019 16:40
Based on what you learned about time management which of these statements are true
Answers: 1
2 A farmer reduces the land used to grow wheat from 80 hectares to 60 hectares and increases the
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