Scientists have developed an ointment to decrease muscle inf…

Scientists have developed an ointment to decrease muscle inflammation after intense workouts or trainings. To test the product, 99 weight lifters are divided into three equal groups. Group 1 is given the actual ointment, Group 2 is given an inactive ointment that looks and smells like the active ointment, and Group 3 is not allowed to use any treatment. Group 2 has been given

A farm manager is trying to estimate the fixed costs associa…

A farm manager is trying to estimate the fixed costs associated with their crop production. The farm manager owns 500 acres of farmland that were purchased for $750 per acre in 1980, are currently worth $2,000 per acre (based on a market-basis balance sheet), and could be cash rented for $150 per acre. The current per-acre opportunity cost of the farmland is therefore best estimated as: