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Other Fields Homework Help Economics Topic started by: SalaDinHo on Mar 16, 2019



Title: This question pertains to the following table that gives the output produced (in bushels) and price ...
Post by: SalaDinHo on Mar 16, 2019

This question pertains to the following table that gives the output produced (in bushels) and price of corn received ($/bushel) for Farmer Smith over the period 2008 to 2010. Assume that the only source of income for Farmer Smith is from the production of corn. Also assume that all production costs are zero. 





 
 
   
   
   
   
 
 
   
   
   
   
 
 
   
   
   
   
 
 
   
   
   
   
 
 
YearOutputPriceCPI
20086,000$2.001.00
20098,000$2.601.10
201010,000$2.501.40
The best year in terms of real income for Farmer Smith was



• 2008.

• 2009.

• 2010.

• can't tell; insufficient information.


Title: This question pertains to the following table that gives the output produced (in bushels) and price ...
Post by: Antoinette12 on Mar 16, 2019
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Title: This question pertains to the following table that gives the output produced (in bushels) and price ...
Post by: SalaDinHo on Mar 16, 2019
TY


Title: This question pertains to the following table that gives the output produced (in bushels) and price ...
Post by: Antoinette12 on Mar 16, 2019
Welcome :)