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

Author Question: The lowest price Jacob will accept from Harold for a bushel of corn produced in his farm is 5 . The ... (Read 25 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
The lowest price Jacob will accept from Harold for a bushel of corn produced in his farm is 5 . The transaction will go through if:
 a. Harold's valuation is less than Jacob's.
  b. Harold's valuation is greater than 5.
  c. Jacob's opportunity cost is greater than Harold's.
  d. Jacob's opportunity cost is equal to Harold's.

Question 2

With expansion in the level of output, total fixed cost:
 a. declines but remains positive.
  b. increases.
  c. falls to zero.
  d. remains constant.
  e. becomes negative.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

harveenkau8139

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

d


mckennatimberlake

  • Member
  • Posts: 559
Reply 2 on: Jun 30, 2018
:D TYSM

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Spiral Produced by twisting stresses that are spread along the length of a bone (note the break in t Spiral Produced by twisting stresses that are spread along the length of a bone (note the break in t
Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap
Alan Price - Poor People Alan Price - Poor People
Responses Produced by Activation of Specific Opioid Receptors Responses Produced by Activation of Specific Opioid Receptors
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Laboratory-Produced Protocells Laboratory-Produced Protocells
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library