Suppose a farmer (a) faces the payoff matrix below to describe the income she would derive from her choice of pesticide use relative to the choices of other farmers. the reason for this payoff matrix is the development of pesticide resistance due to high levels of pesticide exposure. describe the situation the illustrated by the payoff matrix and discuss how the economics of pesticide resistance parallel the economics of fisheries management. return on $1 investmentother farmers of pesticide application low usagehigh usage farmer alow usage$10$5 high usage$15$7

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price.b)an upper limit on the quantity of some good that can be bought or sold.c)a legal restriction on how high or low a price in a market may go.d)control of the price of a good by the firm that produces it.

Because the demand for wheat tends to be inelastic. true or false