Which of the following can be analyzed using microeconomic models?
A) economic growth
B) a country's international trade pattern
C) a firm's output level decision
D) determinants of money supply
C
Economics
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The price of a bag of corn chips is $3, and the price of a bottle of soda is $1. What is the relative price of a bag of corn chips?
A) 3 bottles of soda per bag of corn chips B) 1/3 bottle of soda per bag of corn chips C) $3 D) 33ยข
Economics
The corn basis in Nevada is about -$0.20/bu. The corn basis in Gilbert is about -$0.25/bu. Where a corn farmer located in Ames, halfway between Nevada and Gilbert, should ship his corn to make the most money?
A. Nevada. B. Gilbert. C. The farmer is indifferent between the two locations because they are the same distance from him. D. None of the above.
Economics