Business, 27.08.2019 04:10 hotonkylie147

Use the following scenario to answer the next ten questions: natasha can produce either 5,000 pounds of cheese or 20 houses per year. jameson can produce either 5,000 pounds of cheese or 10 houses per year. jameson’s opportunity cost of producing one pound of cheese is house(s).

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Answer from: tyrique86

Jameson’s opportunity cost of producing one pound of cheese is 0,002 house(s).

Explanation:

Opportunity costs represent the benefits an individual, investor or business misses out on when choosing one alternative over another. Resources are limited, therefore the decision to make a quantity of product A limits the amount of producing product B.

In this exercise, Jameson has the resources to produce 5000 pounds of cheese or 10 houses per year or a combination of both.

To calculate the opportunity cost you need to determine how much of a house is 1 pound of cheese.

Opportunity cost= 10house/5000pounds= 0,002

So to produce 1 pound of cheese you need 0,002 of a house.

Answer from: mprjug6

0.002 house

Explanation: Decisions are made you use one thing or material or resource in place of another. In other words, one resource is forgone in place of another. This is usually due to limited resource availability which leads to opportunity costs — The cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative.

Your sole focus should be on Jameson since he is the only one whose opportunity cost was mentioned.

In producing 5000 pounds of cheese he would be forgoing the 10 houses he could have made and vice versa.

Now, to produce a pound of cheese, the forgone opportunity (house) is given by total houses divided by total pounds of cheese:

10/5000 = 0.002 house.

Therefore, in producing 1 pound of cheese, Jameson has forgone the 0.002 house alternative he could have produced.

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

Answer from: Quest

The variety of games would increase due to competition, and the winnings per dollar spent would decrease.

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