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 88 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
Thanks for the timely response, appreciate it

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

The light produced by fireflies is the result of a reaction The light produced by fireflies is the result of a reaction
Aphasic Syndromes Produced by Brain Damage Aphasic Syndromes Produced by Brain Damage
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
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ... A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library