Which of the following is most likely to benefit from government established price floors in agriculture?

A) large farm owners and corporate farms
B) small farmers
C) cattle ranchers
D) low income farmers

Answer: A

Economics

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An economy without money would have no exchanges of goods and services

Indicate whether the statement is true or false

Economics

Suppose the cost of operating a 75 room hotel for a night is $6,000 and there are 5 empty rooms for tonight. If the marginal cost of operating one room for one night is $40, the hotel manager should rent one of the empty rooms only if a customer is willing to pay

a. more than $40, as the average benefit will exceed the marginal cost. b. more than $40, as the marginal benefit will exceed the marginal cost. c. more than $80, as the average benefit will exceed the marginal cost. d. more than $80, as the marginal benefit will exceed the marginal cost.

Economics