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Unit 4: economics Flashcards Quizlet
Weba. 24 bushels of wheat and 64 pounds of beef. b. 21 bushels of wheat and 33 pounds of beef. c. 16 bushels of wheat and 48 pounds of beef. d. 5 bushels of wheat and 24 pounds of beef. a Assume that Andrea and Paul can switch between producing wheat and producing beef at a constant rate. Minutes to make: 1 Bushel of Wheat Andrea: 30 Paul:15 WebA Farmer has 240 acres under cultivation at the cost $188.99 per acre. If he averages a yield of 60 bushel per acre, what profit is expected if the price per bushel is $5.67 First figure out total cost cultivation. $189.99 per acre x 240 acres = $45,357.60 So basically it costs the farmer $45,357.60 to maintain 240 acres. drexel first baptist church drexel nc
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WebThe figure represents the price per bushel of avocado and its quantity (bushels). A few years ago, avocado farmers were able to sell avocados at $70 per bushel, but now the market price of avocados is $40 per bushel. What policy should a government use to smooth out the income of farmers? WebStudy with Quizlet and memorize flashcards containing terms like A farmer has the ability to grow either corn or cotton or some combination of the two. Given no other information, it follows that the farmer's opportunity cost of a bushel of corn multiplied by his opportunity cost of a bushel of cotton a. is equal to 0. b. is between 0 and 1. c. is equal to 1. d. is … WebEconomics. Economics questions and answers. Classify each scenario according to whether it represents a change in quantity supplied or a change in supply. Each classification matches two of the scenarios. a. If the price of apples decreases to $5 per bushel, Farmer Jack will supply 5 bushels of apples instead of 10 bushels of apples. b. drexel furniture website