Business, 18.10.2019 18:10 meganwintergirl

On a 100-acre farm, a farmer is able to produce 3,000 bushels of wheat when he hires 2 workers. he is able to produce 4,400 bushels of wheat when he hires 3 workers. which of the following possibilities is consistent with the property of diminishing marginal product?

a. the farmer is able to produce 5,800 bushels of wheat when he hires 4 workers.
b. the farmer is able to produce 5,600 bushels of wheat when he hires 4 workers.
c. the farmer is able to produce 6,000 bushels of wheat when he hires 4 workers.
d. any amount over 6,000 bushels would be consistent with diminishing marginal product.
e. none of the above is correct

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 10:00

mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?

Answers: 2

Answer

Business, 22.06.2019 13:50

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars

Answers: 2

Answer

Business, 22.06.2019 15:20

Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)

Answers: 2

Answer

Business, 22.06.2019 15:20

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.

Answers: 2

Answer

You know the right answer?

On a 100-acre farm, a farmer is able to produce 3,000 bushels of wheat when he hires 2 workers. he i...

Questions