How higher price of corn impact the market

Assignment Help Microeconomics
Reference no: EM13143769

Corn prices are up more than 60% over the last seven weeks as the worst drought in more than half a century blankets the corn belt in the Midwest." (News, Cnnmoney.com, August 9, 2012)

Use the demand and supply analysis to explain how higher price of corn impact the market for Ethanol (a motor fuel manufactured from corn and can be used to power the engines of many Automobiles).

(decide which side of the market is affected, demand or supply, and what is the effect on equilibrium price and quantity )

Reference no: EM13143769

Questions Cloud

Explaining the purpose of the cash flow statement : Prepare a letter to Renee explaining the purpose of the cash flow statement and why the banker is interested in this financial statement.
Calculate the monthly labour turnover rate : Calculate the monthly labour turnover rate and the equivalent annual rates under the three methods of labour turnover measurement..
Calculate the ph of a buffer : Calculate the pH of a buffer made with 0.50 M phosphoric acid and 0.75 M sodium dihydrogen phosphate. Ka = 7.5 x 10^-3
Journal entries to record retirement of old issue : Prepare journal entries to record the retirement of the old issue and the sale of the new issue on June 30, 2011. Prepare the entry required on December 31, 2011 to record the payment of the first 6 months interest and the amortization of premium on..
How higher price of corn impact the market : Use the demand and supply analysis to explain how higher price of corn impact the market for Ethanol (a motor fuel manufactured from corn and can be used to power the engines of many Automobiles).
What is the amount of stockholders equity : On July 1 of the current year, the assets and liabilities of Wong Industries, are as follows: Cash, $15,000; Accounts Receivable, $12,300; Supplies, $3,100; Land, $35,000; Accounts Payable, $8,700. What is the amount of stockholders’ equity as of..
Problem on par-value preferred stock : A corporation has 1,000 shares of 10 percent, $50 par-value preferred stock and 10,000 shares of $5 par-value common stock outstanding. If the board of the directors decides to distribute dividends totaling $40,000, the common stockholders will re..
Annual rate of return of engles oil company : Engles Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $130,000 and will increase annual expenses by $80,000 including depreciation.
Explain what are the products from the combustion : What are the products from the combustion of 2-methyl-3-ethyloctane?

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Find the breakeven discount rate

Find the breakeven discount rate such that the net present value of this development opportunity is zero and will the future value of this investment be sufficient to compensate those that suffer damages in year 20?

  Develop production from the opportunity

Demonstrate that the expression on the right in fact represents the sum of the series on the left, Draw an appropriate cash flow diagram and indicate the formulas and factors used to evaluate the cash flow diagram

  Perfect competition to the single-price monopolist

A perfectly competitive market and the perfectly competitive potato producers in Prince Edward island, the market demand curve rot potatoes

  What are the mean earnings of males and females in sample

What are the mean earnings of males and females in this sample? Does the regression result support the claim in the news?

  Managerial accounting-analysis of cvp

Suppose that MN Company is currently selling 300 units of Product SD per month. Management wants to increase sales and feels this can be done by cutting the selling price by $22 per unit and increasing the advertising budget by $20,000 per month. ..

  Producers-consumers and competitive markets

Assume that the competitive firm's marginal cost of producing output q is given by MC(q)=3+2q. Suppose that the market price of the firm's product is $9. Find out level of output will the firm produce?

  Measure of perceptions of political corruption

Whichever way you've chosen to model this problem, execute a linear regression. For one time in your life, you are going to be calculating the slope and intercept estimators in EXCEL

  Evaluate the equilibrium price and quantity

Find the equilibrium price and quantity traded and illustrate the equilibrium on a diagram (assuming there are no taxes or subsidies, and the notation is the same as that in question 2).

  Determining monopolist demand function

Derive a total revenue function and a marginal revenue function for the firm. Calculate the profit maximizing level of price and output for One and Only Inc.

  Information about equilibrium price and output

The switch to the use of HFCS from sugar in soft drinks was prompted in large part by its relatively lower price. Assuming a competitive market, what effect would this change have on the equilibrium price and output for soft drinks?

  Question on inferior good

The average 15-year old purchases 12 CDs and 15 cheese pizzas in the typical year. If cheese pizzas are inferior goods, would the average 15-year old be indifferent between receiving the $30 gift certificate at local music store and $30 in cash?

  Draw the isoquant for an output level

Consider a company that uses two inputs. The quantity used of input one is denoted by x_1 and quantity used of input 2 is denoted by x_2.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd