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Homework answers / question archive / 1)Calculate the Rate of Return on Assets for an operation with the following information Net Farm Income from Operations: $80,000 Interest Expense: $5,000 Opportunity Cost of Labor and Management: $20,000 Beginning Asset Value: $110,000 Ending Asset Value: $90,000 2) Based on the formulas for the supply and demand curves below solve for the market equilibrium quantity (Q)

1)Calculate the Rate of Return on Assets for an operation with the following information Net Farm Income from Operations: $80,000 Interest Expense: $5,000 Opportunity Cost of Labor and Management: $20,000 Beginning Asset Value: $110,000 Ending Asset Value: $90,000 2) Based on the formulas for the supply and demand curves below solve for the market equilibrium quantity (Q)

Economics

1)Calculate the Rate of Return on Assets for an operation with the following information

  • Net Farm Income from Operations: $80,000
  • Interest Expense: $5,000
  • Opportunity Cost of Labor and Management: $20,000
  • Beginning Asset Value: $110,000
  • Ending Asset Value: $90,000

2)

Based on the formulas for the supply and demand curves below solve for the market equilibrium quantity (Q).

Supply curve: P = 2Q + 5

Demand curve: P = -3Q + 40

3)MICROECONOMIC

- Write a brief statement. Be as specific or as general as you'd like. Include in your statement a sentence or two about what pluralism means and your thoughts on studying economics in a pluralistic fashion.

What you say in your statement is fairly open; however, your responses will be evaluated according to the following criteria.

Responding to the specific prompts above (that is, what you hope to learn, what pluralism means, and how you think a pluralistic approach will affect your study of economics)

 

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