Farmer brian has 3 acres of land which he farms efficiently. each acre can support 10 apple trees. however the 3 acres differ in their ability to support orange trees. he can grow 30 orange trees on the best land, 20 orange trees on the ok land, and 10 orange trees on the bad land. if he initially is using 2 acres to grow apples, what would be the opportunity cost of growing another apple tree?

Which ranks these careers that employers are most likely to hire from the least to the greatest?

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

In microeconomics, the point at which supply and demand meet is called the blank price