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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?
What is the socially optimal level of automobile tire production? What is the total net loss to society from the production of tires 49 through 60?
Find the numerical value of the following factors by (a) interpolation and (b) using the appropriate formula. Determine the amount of cash flow in year 8 and determine the value of n for the gradient.
When the price of a deluxe car wash rises from $10.00 to $11.00, the number of daily customers falls from 60 to 48
Where Yt = sales at time t and t = time, measured in years. The first model postulates that sales is a linear function of time, whereas the second model states that it is a quadratic function of time.
What asymmetric information problems is Zaneb likley to enounter and what arrangements are likely to help cope with those problems? Explain your answers.
IBM, whose global sales are generally dollar denominated, finds it has excess cash of $8,500,000,000, which it can invest for up to three years. It has determined that its best options are either a three-year Euro-dollar ($) deposit paying 2.75%
What doping level is necessary to provide a current density of 1 mA/μm2 under these conditions? Assume the hole current is negligible.
2008 2009 Population 800,000 808,000 Number of hours worked 2,000,000,000 2,000,000,000 Real gdp 12,000,000,000 12,362,400,000 Real gdp per capita Labor productivity What was the growth rate of the population between 2008 and 2009
a man wants to decide whether to invest $1000 in a friends venture. he will do so if he thinks he can get his money back in one year. he believes the probabilities of the various outcomes at the end of one year.
Where PX is price of donut; PC is price of coffee; M1 is Ross's income; M2 is Jennifer's income. Suppose Price of coffee is $10, Ross's total income is $1000 and Jennifer's total income is $2000. A) Find market demand function for donuts. If marke..
Why does faster technological progress lead to more rapid accumulation of human capital?
A firm produces a product with a fully allocated average cost equal to $20. If the price elasticity of demand for the product is -5,what should the product price be set at
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