In September, USDA estimates that for Corn, the Yield per Harvest Acre is likely to be higher than that predicted in the previous month. The change in estimate (all else equal) will:
a. Increase estimates of Production of Corn
b. Increase estimates of Total Supply
c. Decrease estimates of Ending Stocks
d. a and b are correct
e. a, b and c are correct
d. a and b are correct
You might also like to view...
The slope of an indifference curve represents the maximum amount of one commodity that a consumer is willing to give up in exchange for one more unit of another commodity.
Answer the following statement true (T) or false (F)
Of the following situations, explain which are best described as games and which are best described as just decisions:
a. Starbucks is deciding whether to offer a new, 40 oz. option called the Uberventi. b. Sasha is deciding whether to order a grande latte or venti latte from Starbucks. c. The people of Catalonia are deciding whether to vote for independence from Spain. d. MGM Resorts International is preparing to bid to obtain the last available casino license in Macao. e. The Hollywood Hills Homeowner Association is debating the landscape design for the renovation of the main entrance to their neighborhood.
Provide some real-world examples of price discrimination in action
What will be an ideal response?
An excise tax
A. is a sales tax on the purchase of a particular good or service. B. is a tax on the profits earned from the sale of an asset. C. represents a surcharge on corporate profits beyond the normal corporate tax rate. D. is a tax on income-earning rental property.