Apurely competitive wheat farmer can sell any wheat he grows for $20 per bushel. his five acres of land show diminishing returns because some are better suited for wheat production than others. the first acre can produce 1,000 bushels of wheat, the second acre 900, the third 800, and so on. a) use the table below to answer the following questions. how many bushels will each of the farmer's five acres produce? how much revenue will each acre generate? what are the tr and the mr for each acre? number of acres that acre's yield that acre's revenue tr mr0 - $0 $0 -1 2 3 4 5 b) if the marginal cost of planting and harvesting an acre is $14,000 per acre for each of the five acres, how many acres should the farmer plant and harvest?

Acompany is developing a new high­performance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below.a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample.assume=0.05. what are the null and alternative hypotheses? choose the correct answer below.b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.