Opportunity cost of producing a bushels of corn

Assignment Help Business Economics
Reference no: EM13772690

Suppose it takes New England two hours to produce a bushel of corn and six hours to produce a bushel of wheat. What is New England's opportunity cost of producing a bushels of corn?

Reference no: EM13772690

Questions Cloud

Strict constructionism affect the development of banking : How did the concept of strict constructionism affect the development of banking and transportation during the antebellum years?
How many and which of objects you were actually able to find : how many and which of the objects you were actually able to find - why you think you were unsuccessful, for any you couldn't find.
The gastrointestinal tract and inhalation : Discuss the steps involved concerning the development and implementation of a pollution prevention plan for a large three shift manufacturing operation that employs over 300 people and has multiple operating units such as shipping/receiving, admin..
Identify different compensation systems and provide benefits : 1.Identify different compensation systems and provide the benefits and disadvantages of each. 2.Define Comparable Worth and explain how companies attempt to compensate their employees based on such a concept and not violate any federal legislation.
Opportunity cost of producing a bushels of corn : Suppose it takes New England two hours to produce a bushel of corn and six hours to produce a bushel of wheat. What is New England's opportunity cost of producing a bushels of corn?
Describe the technological cultural and political influences : Explain the use of current technologies to both carry out and fight cyber crime. In addition, explain the technological, cultural, and political influences which are advancing the growth of high-tech crime
Write a review of a draft food medias influence on diet : Write a review of a draft Food Media's Influence on Diet and Italian Cuisine in America perspective. Keep in mind that comments like "I really like this point" are all but useless.
Alzheimer''s disease issues : What healthcare services for this disease does the patient has access to? Where would you go for treatment? What type of provider? How about Alzheimer's disease day care?
Interpret the following computer cross-tab output : Interpret the following computer cross-tab output including a X2  test. Interpret the computer cross-tab output, including a Chi-square test. Variable COMMUTE is "How did you get to work last week?" Variable GENDER is "Are you male or female?" Commen..

Reviews

Write a Review

Business Economics Questions & Answers

  Explain natural rate hypothesis are all related

Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.

  Determine aggregate private savings

Determine aggregate private savings, Sp, and government savings, Sg. Is the government running a surplus, a deficit, or a balanced budget?

  What is the cost of producing an additional washing machine

What is the cost of producing an additional washing machine when 50 cars are being produced? When 150 cars are being produced?

  Q1 in the text we assumed that the condominium purchasers

q1. in the text we assumed that the condominium purchasers came from the inner-ring people-people who were already

  From an economic prespective the company should

A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find out that consumers won't buy it because they don't like the taste. From an economic prespective, the company should?

  Market efficiency and government intervention

Recall the application on rent control and mismatches. Under rent control, the government sets a maximum price for housing, decreasing the quantity supplied and the total value of the market. Rent control and other maximum prices cause ________ possi..

  Is he bound by the regulaions

He claimed that he was not bound by the regulations because he never knew that they had been adopted. Is he bound by the regulaions?

  Assuming compound interest throughout

A $10,000 par value bond with coupons at 8%, convertible semi annually, is being sold three years and four months before the bond matures. The bond is redeemable at $C, and purchase will yield 6% convertible semi annually to the buyer. The price of t..

  Find the profit-maximizing price and quantity

Find the profit-maximizing price and quantity in each market and in which market is demand more elastic?

  Compute currency in circulation as a percentage of m2.

Illustrate what might account for these trends. Compute currency in circulation as a percentage of M2.

  Radioactive transportation accidents large number

Frequently result from radioactive transportation accidents due to the large number of such shipments

  Q1 what are the reservation values you calculated for bel

q.1. what are the reservation values you calculated for bel vino and star shine? explain briefly justify your

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd