Recent government policies to provide price and income subsidies in agriculture are economically inefficient because they:
A. Increase the interest costs for farmers
B. Maintain high production levels for farm products
C. Limit the adoption of new technology to increase output
D. Give control over production and prices to a few, large agribusinesses
B. Maintain high production levels for farm products
Economics
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A firm that can determine the price-output combination in order to maximize profit is known as a
A) price searcher. B) price taker. C) demand searcher. D) cost taker.
Economics
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. This farmer's shutdown point is at a price of
A. $0. B. $4. C. $7. D. $10.
Economics