Question

Compute Opportunity Cost. OC Good A=Amount of Good B given up/Amount of Good A received. For instance, to compute the opportu
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Rice grown in additional one acre = 12/100.

Wheat grown in one acre = 6/100.

Hence the opportunity cost of rice for Mo is 6/100/12/100 = 1/2 =0.5.

Add a comment
Know the answer?
Add Answer to:
Compute Opportunity Cost. OC Good A=Amount of Good B given up/Amount of Good A received. For...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

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
  • Opportunity Cost is defined as whatever must be given up to obtain an item, i.e. using...

    Opportunity Cost is defined as whatever must be given up to obtain an item, i.e. using the resources it takes to produce one pound of good, how many units of another good could the person produce with the same resources. The table below shows two people, Mo and Nina, who both own farms. The farms are different size, 100 and 50 acres, and they choose how much of the acreage on their farms gets planted in two crops. If they...

  • Q 1: Clancy and Eileen are farmers. Each one owns a 20-acre plotof land. The...

    Q 1: Clancy and Eileen are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of corn and rye each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing corn or rye or to produce corn on some of the land and rye on the rest.CornRye(Bushels per acre)(Bushels per acre)Clancy205Eileen5010On the following graph, use the blue line (circle symbol) to plot Clancy's production possibilities...

  • Read the scenario in the textbook and complete the activity below. Compute the equivalent cost per...

    Read the scenario in the textbook and complete the activity below. Compute the equivalent cost per unit, assuming the ending inventory is considered to be 40 percent complete. Compute the equivalent cost per unit, assuming the ending inventory is considered to be 60 percent complete. Write a 350-word summary of your calculations and findings. Comment on Mr. Sawyer’s motives for establishing the percentage of completion at 60 percent rather than 40 percent. ATC 12-5 Ethical Dilemma Amount of equivalent units...

  • What is the amount of cash received from the sale of special materials if Horizon Insurance elects to outsource publishing to G-Art?

    What is the amount of cash received from the sale of special materials if Horizon Insurance elects to outsource publishing to G-Art? Use the following case to help answer this question: Horizon Insurance (HI) was a full-service regional insurance agency that has done all the printing and publishing of its own promotional brochures, newsletters, informational pamphlets, and required regulatory reports. Linda Wolfe, the business manager of the agency, had for some time thought that the firm might save money and...

  • macoroeconomics 1. Society as a whole faces opportunity costs because a. there is not enough money to go around...

    macoroeconomics 1. Society as a whole faces opportunity costs because a. there is not enough money to go around b. politicians are greedy c. resources are scarce d. our needs are unlimited 2. Mary decides to spend 3 hours working overtime rather than watching a video with her friends. She earns $9 an hour. Her opportunity cost of working is: a. the enjoyment she would have received had she watched the video with friends. b. $27 she earns working c....

  • Section 3: Capital Asset Pricing Model and Cost of Capital (32 marks) a. Suppose the risk...

    Section 3: Capital Asset Pricing Model and Cost of Capital (32 marks) a. Suppose the risk free rate, FRF is 5%, the return on the market, rm is 14% and beta of stock A is 1.4, what is the required rate of return, rs of stock A? (1 mark) b. If the required rate of return on stock M, is 17%, the risk free rate is 5% and the return to market is 15%, what is the beta of stock...

  • 2) compute contribution margin for each channel 3) compute break even point (in terms of number...

    2) compute contribution margin for each channel 3) compute break even point (in terms of number of orders and dollars) for each distribution channel (HINT  - Fixed costs are all trade show expenses.  Use depreciation for the booth as a fixed cost.  The booth cost should be considered an investment not a fixed cost) 4) Calculate the number of orders at a target profit of $100,000 5) Calculate the profitability for both the low and high order estimates We were...

  • Wanted by the Police: A Good Interface By KATIE HAFNER NOV. 11, 2004 From: The New...

    Wanted by the Police: A Good Interface By KATIE HAFNER NOV. 11, 2004 From: The New York Times, Technology section, not-for profit classroom used. SAN JOSE, Calif. - SAN JOSE has a reputation as one of the safest large cities in the nation, with the fewest police officers per capita. Yet a number of the 1,000 officers in this city of 925,000 in the heart of Silicon Valley have been worrying about their own safety of late. Since June, the...

  • this is all the information given Personal Financial Planning Mini-Case Jeff and Mary Douglas, a couple...

    this is all the information given Personal Financial Planning Mini-Case Jeff and Mary Douglas, a couple in their mid-30s, have two children - Paul age 6 and Marcy age 7. The Douglas' do not have substantial assets and have not yet reached their peak earning years. Jeff is a general manager of a jewelry manufacturer in Providence, RI while Mary teaches at the local elementary school in the town of Tiverton, RI. The family needs both incomes to meet their...

  • FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President...

    FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President passing legislation that will empower the federal government to spend an unprecedented amount of EXTRA money not seen since World War 2 ---- in order to address the pandemic but also to help cushion the blow financially of perhaps ten or twenty million Americans --- or more --- losing their jobs, and thus suffering a drop in income. The scale of the 2020 recession...

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