Let corn denote per capita consumption of corn in bushels at the county level, let price be the price per bushel of corn, let income denote per capita county income, and let rainf all be inches of rainfall during the last corn-growing season. The following simultaneous equations model imposes the equilibrium condition that supply equals demand: corn = α1 price + β1 income + u1

corn = α2 price + β2 rainfall + γ2 rainfall 2 + u2 .

Which is the supply equation, and which is the demand equation? Explain.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.

The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading