Business, 06.10.2019 06:30 Jaymiegrimes22

The washington post article the downsides of cheap corn reports that "u. s. farmer profits are expected to plummet by nearly 27 percent in 2014" according to usda estimates. for corn farmers, however, the problem is not because they are having trouble growing enough crops. on the contrary, "[h]ealthy american harvests are driving prices down significantly." corn prices fell from $6.9/bushel in 2013 to $4.5/bushel in 2014. according to the usda, corn production grew from 10.8 billion bushels in 2012 (a drought year) to 13.93 billion bushels in 2013. for the sake of simplicity, assume that there is a one-year lag before corn harvests reach the market (i. e., the production numbers for 2012 are reflected in the prices for 2013) and that the production numbers indicate equilibrium quantities. illustrate the price change of corn from 2013 to 2014 based on the information presented, and click on point c and move it to the new equilibrium for 2014.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:00, castiaulii16

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

Answers: 3

continue

Business, 22.06.2019 00:00, kluckey3426

Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people

Answers: 1

continue

Business, 22.06.2019 02:20, fdasbiad

Larissa has also provided the following information. during the year, the company raised $36 million in new long-term debt and retired $20.52 million in long-term debt. the company also sold $22 million in new stock and repurchased $32.4 million. the company purchased $54 million in fixed assets, and sold $6,107,400 in fixed assets. larissa has asked dan to prepare the financial statement of cash flows and the accounting statement of cash flows. she has also asked you to answer the following questions: 1. how would you describe east coast yachts' cash flows? 2. which cash flows statement more accurately describes the cash flows at the company? 3. in light of your previous answers, comment on larissa's expansion plans.

Answers: 2

continue

Business, 22.06.2019 06:00, esnyderquintero

Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.

Answers: 1

continue

You know the right answer?

The washington post article the downsides of cheap corn reports that "u. s. farmer profits are expec...