This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A worldwide hops (a flowers used in brewing) shortage made stouts, ales and other specialty ... (Read 35 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
A worldwide hops (a flowers used in brewing) shortage made stouts, ales and other specialty microbrews more pricy in 2008. Gayle Goshie, a hops farmer, blames overproduction for hops' previously cheap place on the agricultural market.
 
  The glut pushed many hop farmers out business, which gradually helped hop prices recover. Suppose farming hops is a perfectly competitive market. Why would some hop farmers go out of business? A) because the price of hops was below the minimum of average fixed cost
  B) because the price of hops was lower than the minimum of average variable cost
  C) because the price of hops was higher than the minimum of average variable cost
  D) because the price of hops was lower than the minimum of average total cost

Question 2

When individuals make decisions about how much schooling to obtain, they
 
  A) do not take account of the personal benefits that it creates.
  B) do not take account of the external benefits that it creates.
  C) overvalue the personal benefits that it creates.
  D) overvalue the external benefits that it creates.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kbennett34

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


jrubin

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Excellent

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Crosses using flowers from a variegated plant Crosses using flowers from a variegated plant
A phage cross made by doubly infecting the host cell with parental phages A phage cross made by doubly infecting the host cell with parental phages
Cataract extraction. The procedure involves a surgical removal of a cataract lens and its replacemen Cataract extraction. The procedure involves a surgical removal of a cataract lens and its replacemen
Jan Brueghel the Elder, Flowers in a Blue Vase. Jan Brueghel the Elder, Flowers in a Blue Vase.
Attributed to Thomas Dennis or William Searle, Chest, made in Ipswich, Massachusetts. Attributed to Thomas Dennis or William Searle, Chest, made in Ipswich, Massachusetts.
Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ... Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ...
Video: Congenital Heart Defects Animation

For a complete list of videos, visit our video library