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Home Q & A Board Other Fields Homework Help Business Economics
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jaspinder kaur jaspinder kaur
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Posts: 509
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5 years ago

Assume that for Jim Swain, a corn producer from Illinois, the only source of farm income is from the production of corn. Swain produced 150,000 bushels of corn in 2012, receiving $5 per bushel. Assuming this producer had production expenses of $300,000, and assuming the Consumer Price Index (CPI) for 2012 was 2.50, what was his real farm income for 2012?



• $200,000

• $750,000

• $450,000

• $180,000
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
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jackjohnson74jackjohnson74
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5 years ago
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jaspinder kaur Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
sakoon
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Yesterday
You make an excellent tutor!
Hellish Lover
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2 hours ago
Thank you, thank you, thank you!
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