Business, 28.07.2019 03:30 tikirawallace
According to economic theory, if farmers find that large bumper crops lead to declines in their gross incomes this suggests that: the price elasticity of demand for farm products is less than 1. the price elasticity of demand for farm products is greater than 1. farm products are normal goods. farm products are inferior goods.
Answers: 1
Business, 22.06.2019 20:00
Double corporation acquired all of the common stock of simple company for
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Business, 22.06.2019 21:50
The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.
Answers: 1
Business, 22.06.2019 22:20
As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.
Answers: 2
Business, 22.06.2019 23:10
Asemiprofessional baseball team near your town plays two home games each month at the local baseball park. they split the concessions 50/50 with the city, but keep revenue from ticket sales for themselves. the city charges the team $100 each month for the three-month season. the team pays the players and manager a total of $1,000 a month. the team charges $10 for each ticket, and the average customer spends $7 at the concession stand. attendance averages 30 people at each home game.in order to break even, how many tickets does the team need to sell for each game? a. 33b. 37c. 41e. 49f. 244
Answers: 1
According to economic theory, if farmers find that large bumper crops lead to declines in their gros...
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