ZuoTi.Pro
Question

To grow 100 kilograms of strawberries requires inputs that cost 80 euro. the same value of...

To grow 100 kilograms of strawberries requires inputs that cost 80 euro. the same value of inputs would be needed to grow 1000 kilogram of wheat?

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

According to the question, the cost of growing 100 kilograms of strawberries is same as the cost of growing 1000 kilograms of wheat, that is, 80 euro. The average cost of production of strawberries is 80/100 = 0.8 euro per kilogram and the average cost of producing wheat is 80/1000 = 0.08 euro per kilogram. Thus the average cost of production of strawberries is 0.8/ 0.08 = 10 times the average cost of production of wheat.

0 0
Add a comment
Know the answer?
Add Answer to:
To grow 100 kilograms of strawberries requires inputs that cost 80 euro. the same value of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • what is the opportunity cost? To grow 100 kilograms of strawberries requires inputs that cost 80...

    what is the opportunity cost? To grow 100 kilograms of strawberries requires inputs that cost 80 euro. the same value of inputs would be needed to grow 1000 kilogram of wheat

  • QUESTION 4 Assuming each unit of variable inputs cost the same, marginal cost will increase as...

    QUESTION 4 Assuming each unit of variable inputs cost the same, marginal cost will increase as output increases if O Variable cost is rising. Total cost is rising Marginal physical product is rising. Marginal physical product is falling QUESTION 5 In the short run, when a firm produces zero output, total cost equals: O fixed costs. variable costs O zero. O average total cost. QUESTIO Economic cost includes: O Only the value of resources used to produce a good for...

  • 1. Suppose that the famers in a given market can either grow soybean or corn on...

    1. Suppose that the famers in a given market can either grow soybean or corn on their land. In addition, suppose that the price of corn increases with no change in the price of soybean. All else equal, an increase in the price of corn creates an incentive for famers to: A. grow more soybean and less corn. B. grow more corn and less soybean. C. grow less corn, but not change their production of soybean. D. grow less of...

  • The four questions below analyze the same company. The information below will be needed to answer...

    The four questions below analyze the same company. The information below will be needed to answer all questions. Consider the following information regarding ABC Corporation. 2009 2010 Sales ($ millions) 1000 1112 Cost of Goods Sold ($ millions) 500 556 Other Expenses ($ millions) 100 111 Depreciation ($ millions) 100 100 Interest Expense ($ millions) 50 55 Total Current Assets ($ millions) 600 700 Net Fixed Assets ($ millions) 1800 2000 Total Current Liabilities ($ millions) 450 550 Long-term Liabilities...

  • Calculate the future value in 5 years of $2100 today with annual compounding and a 10%...

    Calculate the future value in 5 years of $2100 today with annual compounding and a 10% annual interest rate. Suppose someone saves $1000 today and will have $1052 one year from today. If compounding is daily (assume 365 days in a year), what must be the interest rate on this account? Jane offers Kathy the following deal. Jane will give Kathy $900 today if Kathy gives Jane $1100 in 2 years-time. Suppose there is quarterly compounding and the quarterly interest...

  • Calculate the future value in 5 years of $2100 today with annual compounding and a 10%...

    Calculate the future value in 5 years of $2100 today with annual compounding and a 10% annual interest rate. Suppose someone saves $1000 today and will have $1052 one year from today. If compounding is daily (assume 365 days in a year), what must be the interest rate on this account? Jane offers Kathy the following deal. Jane will give Kathy $900 today if Kathy gives Jane $1100 in 2 years-time. Suppose there is quarterly compounding and the quarterly interest...

  • 1. a. Two investors, A and B, are evaluating the same investment opportunity, which has an expected value of £100. The u...

    1. a. Two investors, A and B, are evaluating the same investment opportunity, which has an expected value of £100. The utility functions of A and B are ln(x) and ​​​​​x​2, respectively. Which investor has a certainty equivalent higher than 100? Which investor requires the higher risk premium? b. (i) Describe suitable measures of risk for ‘loss-aversion’ and ‘risk aversion’. (ii) Concisely define the term ‘risk neutral’ with respect to a utility function u (w), where w is the realisation...

  • a.   Find the FV of $1,000 invested to earn 10% annually 5 years from now. Answer...

    a.   Find the FV of $1,000 invested to earn 10% annually 5 years from now. Answer this question by using a math formula and also by using the Excel function wizard. Inputs: PV = 1000 I/YR = 10% N = 5 Formula: FV = PV(1+I)^N = Wizard (FV): $1,610.51 Note: When you use the wizard and fill in the menu items, the result is the formula you see on the formula line if you click on cell E12. Put the...

  • 1. Angela spends all her income on cats (C) and artistie baby pictures (B). Cats cost...

    1. Angela spends all her income on cats (C) and artistie baby pictures (B). Cats cost $20 per pound a baby pictures costs $10 per sq. ft. Assume that Angela has $300 to spend and her utility function cam be represented as U(C,B) = CSB (put B on the y-axis). A) Find the MRS and the price ratio B) Find the optimal number of cats and baby pictures for Angela to purchase. What is her utility C) If the price...

  • 13. Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost...

    13. Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $22 million, of which 80% has been depreciated. The used equipment can be sold today for $7.7 million, and its tax rate is 40%. What is the equipment's after-tax net salvage value? Write out your answer completely. For example, 2 million should be entered as 2,000,000. 14. Although the Chen Company's milling machine is old, it is still in relatively good working order and...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT