Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A farmer has the following resource endowments: 1,000 acres of land, 1,500 hours of family labor, and $30,000 of capital investment. She can use these resources to grow the following crops: corn, sorghum, wheat, and soybeans. The farmer expects the fol- lowing in terms of crop yields, prices, variable costs, and labor requirements.
Crop
Price ($/bushel)
Yield (bushel/acre)
Variable Cost ($/acre)
Labor Requirement (hours/acre)
Corn
2.75
120
250
3.25
Sorghum
2.65
100
200
3.00
Wheat
3.15
105
245
Soybeans
6.75
45
230
3.30
Also, the farmer can invest any part of her $30,000 to rent additional land at $100 per acre and hire additional labor at $6 per hour.Assume that the farmer works to maximize net revenue (gross revenue minus vari- able costs) from the production of these four crops. Formulate this as an LP.
Despite the absence of patent protection, Semi-Salt has averaged accounting profits of 5.5 percent on investment since it began producing polyglutamate- a rate comparable to the average rate of interest that large banks paid on deposits over this ..
separate the bond market into municipal bonds and corporate bonds if the president lowers the federal income tax rate
What factors influence the demand for this product and What factors influence the supply of this product - How have these changes in supply and demand affected the equilibrium price of this product?
a you obtained the following short-run cost information of a firm. when the firm produces 2 units of output its
illustrate and explain the net welfare loss from imposing such a quota. Under what circumstances would the net welfare loss from an import quota exceed the net welfare loss from an equivalent tariff
A monopoly firm faces a demand curve given by the following equation: P = $500 ? 10Q, where Q equals quantity sold per day. Its marginal cost curve is MC = $100 per day. Assume that the firm faces no fixed cost.
Find out if, for the good marked with ALL CAP lettering, if there is the increase or decrease in demand.
Explain why there is a blurry line dividing objects that are “money” from those that are not. Give examples of some clear-out cases? And some borderline ones. Could the position of this blurry line change over time?
Impose a protectionist policy such as a tariff - domestic market following the removal of an import quota?
a) Explain why the commodity terms of trade can be expected to decline over time for developing nations.b) the commodity terms of trade fell while the income terms of trade increased. Explain how this could happen due to technical change in t..
how much interest is payable each year on a loan of $2000 if the interest rate is 10% per year when half of the loan principal will be repaid as a lump sum at the ed of four years and the other half will be repaid in one lump-sum amount at the end..
Explain why the productivity standard for the distribution of income entails rewarding people based on their contribution to societys total output. Why does the productivity standard typically fail to yield an equal distribution of income
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd