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 61 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
Great answer, keep it coming :)

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Blue Flowers Blue Flowers
Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
Secondary School Enrollment Worldwide Secondary School Enrollment Worldwide
Girl Gathering Saffron Crocus Flowers Girl Gathering Saffron Crocus Flowers
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Gas exchange - partial pressure, locations, external and internal respiration

For a complete list of videos, visit our video library