The farmer produces 119 bushels of wheat at a total cost of $3 per bushel. He sells all of the wheat to Firm F for $5 per bushel. Firm F produces 51 pounds of flour from the wheat at a total cost of $6 per pound (including the amount paid to the farmer for the wheat). Firm F sells 45 pounds of flour to consumers for $10 per pound. There are no other firms in this simple economy. In total, how much profit do the farmer and Firm F earn? Enter a whole number with no dollar sign.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The farmer produces 119 bushels of wheat at a total cost of $3 per bushel. He sells all of the wheat to Firm F for $5 per bushel. Firm F ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A decrease in aggregate supply means: A. Both the real domestic output and the price level would decrease. B. The real domestic output would increase and rises in the price level would become smaller. C.
Answers (1)
jalbert incorporated planned to use materials of $11 per unit but actually used materials of $13 per unit, and planned to make 1590 units but actually made 1780 units. the flexible budget variance for materials is?
Answers (1)
A ton of five-dollar bills is worth $4,540,000. how many pounds does a five-dollar bill weigh?
Answers (1)
One way to resolve the problem of conflicting authorities is to
Answers (1)
Amaz-a-nation reported the following data for the year just ended: sales revenue, $1,820,000; cost of goods sold, $920,000; cost of goods manufactured, $566,000; and selling and administrative expenses, $173,000.
Answers (1)
New Questions in Business
According to the presentation, the first step in making a major purchase is: A. choosing a salesperson B. determining the features C. you want to do your research D. finding out what the taxes will be
Answers (1)
Bank Corp.'s voting stock is owned by the following individuals: Farber, 25%; Farber's mother, 15%; Farber's father, 40%; and Grosset, an unrelated person, 20%. Farber's sister sold equipment to Bank at a loss.
Answers (1)
A financial analyst is presented with information on the past records of 60 start-up companies and told that in fact only 3 of them have managed to become highly successful. He selected 3 companies from this group as the candidates for success.
Answers (1)
Sal, a production manager, knows that some of his employees are upset with a new corporate policy that eliminates a tuition reimbursement program. As a result, some of these employees are participating in soldiering.
Answers (1)
An investment project provides cash inflows of $1,275 per year for eight years. a. What is the project payback period if the initial cost is $4,100? (Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.) b.
Answers (1)