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.

User Account

All Pages