Ecn 361 topic 6 dq Study guides, Class notes & Summaries

Topic 6 DQ2 News reports from the western United States occasionally report incidents of cattle ranchers slaughtering many newborn calves and burying them in mass graves rather than transporting them to markets. Assuming that this is rational behavior by profit-maximizing "firms," explain what economic factors may influence such behavior.

ECN Topic 6 DQ 1 Suppose that a small family farm sold its output for $100,000 in a given year. The familyspent $25,000 on fuel; $40,000 on seed, fertilizer, and pesticides; and $25,000 on equipment, including maintenance. The family members could have earned $20,000 working at other occupations. What is the family's accounting cost? What is the family's economic cost? Could the family's economic cost ever exceed its accounting cost? Why?

ECN 361 Topic 6 DQ 2 Participation & Responses

ECN 361 Topic 6 DQ 2 Participation & Responses

Topic 6 DQ2 News reports from the western United States occasionally report incidents of cattle ranchers slaughtering many newborn calves and burying them in mass graves rather than transporting them to markets. Assuming that this is rational behavior by profit-maximizing "firms," explain what economic factors may influence such behavior.

ECN 361 Topic 6 DQ 1 Participation & Responses

ECN 361 Topic 6 DQ 1 Participation & Responses

ECN Topic 6 DQ 1 Suppose that a small family farm sold its output for $100,000 in a given year. The familyspent $25,000 on fuel; $40,000 on seed, fertilizer, and pesticides; and $25,000 on equipment, including maintenance. The family members could have earned $20,000 working at other occupations. What is the family's accounting cost? What is the family's economic cost? Could the family's economic cost ever exceed its accounting cost? Why?

ECN 361 Topic 6 DQ 1 Participation & Responses