Suppose an economy only produces two goods, robots and ice cream. Last month, the economy produced 10 robots and 200 gallons of ice cream. This month, the same economy produced 15 robots and 240 gallons of ice cream. Which of the following statements could explain this change?
a. This month, the economy reduced the unemployment of its resources.
b. This month, the economy experienced an improvement in technology.
c. This month, the economy experienced an increase in resources
d. All of the above are correct.
d
Economics
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Suppose 100 bushels of X are produced at a target price of $7 per bushel, but consumers will only buy 100 bushels at $3 a bushel. What is the total deficiency payment to farmers?
A) $400 B) $600 C) $300 D) $100
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