Government officials are frustrated that the price guarantee is both costly and wasteful, especially for new entrants into the market that are not efficient producers. They thus propose the following scheme in an attempt to maintain support for farmers at a lower cost: Farmers who entered the market only after the price guarantee was put in place will be offered $2 per bushel not to grow corn. They will be paid based on how many bushels they produced previously. Recall that these farmers are represented by the part of the supply curve above the initial equilibrium price of $6 but below $8. What will be the total cost to the government of this new scheme? million dollars What is the deadweight loss under the new scheme? million dollars

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You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

Which investment has the liquidity and can be converted into cash easily?