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Big drops in prices for crops make it tough down on the farm Corn, soybean, and wheat prices have fallen roughly 50 percent from the historic highs of earlier this year. With better-than-expected crop yields, world grain production will rise nearly 5 percent this year. Grain prices have also become more closely tied to oil prices because of the growing corn-based ethanol industry.Explain the effect of a fall in the oil price on the market for ethanol. If the price of oil remains low for some years, what will be the long-run effects on the market for ethanol and the number of ethanol producers?
Choose the values of R1 and R2 to place the transistor 200 mV away from the triode region while R1 + R2 draws no more than 0.1 mA from the supply.
List the three types of binary relationships and give an example of each. Do not use the examples given in this text.
The difficulty of putting away money for their college educations precludes you from saving on a continuous basis for both. After reviewing your financial condition and projections, you think that the best you can do is to put away $2,500/year for..
Suppose that tiger farming is legalized and that this has the effect of reducing the marginal cost of tiger conservation by $15 million for each 2,000-tiger population increment in the table. What is the new socially optimal population of wild tig..
Assume Firm Y's production function is given by the following Cobb Douglas equation: Q = 0.5 x L0.6 x K0.5 where L denotes labor and K denotes capital. a. Does the production function exhibit increasing, decreasing or constant returns to scale.
A 1 year US treasury bond yields 0.5% (0.005 as a decimal), and the 1-year euro bond rate is 1.0%. If the current spot rate is € .7565/ $ , and the current 1-year forward rate is €.7465, then which investment offers the highest return
Management of McPablo's Food Shops has completed a study of weekly demand for its "old-fashioned" tacos in 53 regional markets. The study revealed the demand function of Q=400-1,200P+0.8A+55Pop+800PL
A per unit excise tax is imposed on product X, and the market supply with the tax is now given Qs=p-12. add this supply curve to your graph and identify the new equilibrium price and equilbrium quantity. What is the value of the per unit tax
A new piece of materials handling equipment costs $20,000 and is expected to save $7,500 the first year of operation. Maintenance and operating cost increases are expected to reduce the net savings by $500 per year for each additional year of oper..
A central Appalachia 12,500 Btu, 1.2 SO2 coal has an average price of $60 per ton. A mine having 7 million tons of coal has a first cost of $42 million. The cost of mining is $45 per ton. If, during the first 3 years of operation, the mine yields ..
Why would neoclassicists expect rising productivity to lead to higher wages? Has higher productivity actually led to higher wages?
Snow goose feeding trial. Writing in the Journal of Applied Ecology (Vol. 32, 1995), botanists used multiple regression to model the weight change (y) of a baby snow goose subjected to a feeding trial. Three independent variables measured are list..
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