Afarm grows soybean and produces chickens. the opportunity cost of producing each of these products increases as more of it is produced. draw the? farm's ppf. label it ppf0. the farm adopts a new technology which allows it to use fewer resources to fatten chickens. draw a ppf that illustrates the impact of the new technology. label it ppf1.

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answer:

tyler's $1,000 investment will be worth $1,240 after 6 years, invested at 4% interest rate.

the problem gives the following relevant data:

principal = $1000

interest rate = 4% simple interest

term or time period = 6 years

since simple interest is given, we need to use the simple interest formula;

i = p x r x t

where: p is the principal, r is the interest rate, and t is the time the money will be invested.

i = $1000 x 4% x 6yrs

i = $1000 x 0.04 x 6

i = 40 x 6

i = 240   ==> interest earned after 6 years is $240.

total investment = principal + interest

t.i. = $1,000 + $240

t.i. = $1,240   ==> the value of tyler's investment after 6 years.

explanation: