A farmer has 1,000 acres on which he has previously grown corn. His yield per acre is 100 bushels of corn. If the corn payment rate is $0.43 a bushel, his production flexibility contract payment equals

A) $39,600.
B) $43,000.
C) $36,550.
D) $12,345.
E) none of the above

C

Economics

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Which of the following is the best example of what happens when an equilibrium point is reached?

A. A store that sells its televisions for $999 lowers its price to 899 B. All the stores in a city are selling a certain model of television for 899$ C. some customers decide $899 is too high ad buiy a lower-cost television D. The number of tellevision available at $899 is the same as the number of sales

Economics