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Author Question: If land suitable for growing corn is also suitable for growing soybeans, and soybeans were found to ... (Read 169 times)

torybrooks

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  • Posts: 500
on: Jun 29, 2018
If land suitable for growing corn is also suitable for growing soybeans, and soybeans were found to prevent cancer,
 
  A) the demand for corn would decrease.
  B) there would be no effect on the cost of growing corn.
  C) the supply (curve) of soybeans would increase.
  D) the cost of growing corn would rise.
  E) the cost of growing corn would fall.

Question 2

Refer to the figure above. Calculate the revenue earned by the government when it imposes a tariff of 1 on chairs.
 
  A) 10
  B) 20
  C) 30
  D) 40


kkenney

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


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