A farmer has 500 acres on which he has previously grown corn. His yield per acre is 100 bushels of corn. If his production flexibility contract payment is $21,250, then what is the corn payment rate?

A) $0.45
B) $0.67
C) $0.50
D) $0.10
E) There is not enough information to answer the question.


C

Economics

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Refer to Figure 11-7. When the output level is 100 units average fixed cost is

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Which of the following trends is most likely the result of a contractionary monetary policy?

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Economics