Suppose that the price of corn, a crop produced in a perfectly (or purely) competitive industry, increased 208% last year as demand for corn based ethanol fuel increased. What do you expect to happen in the long run for the corn industry given this recent success?

The price per bushel of corn will continue to increase, yielding higher profits.
Thus more firms will enter the market indefinitely.
Profits will become negative due to over farming, which will result in the corn farming industry going under.
Profits will be equal to zero. None of the above.

What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.