This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the market price of corn is 5.50 per bushel. What are the three conditions that will need to ... (Read 126 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
on: Jun 29, 2018
Suppose the market price of corn is 5.50 per bushel. What are the three conditions that will need to be satisfied for the corn market to be in equilibrium at this price?
 
  What will be an ideal response?

Question 2

As was demonstrated in 2007, firms in the shadow banking system
 
  A) were very vulnerable to bank runs.
  B) were protected from financial ruin by federal deposit insurance.
  C) were more insulated from the financial crisis than were commercial banks.
  D) were well insulated from bank runs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

debra928

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

For the market to be in equilibrium, three conditions will need to be satisfied.
 At the price of 5.50 per bushel, the amount of corn produced by sellers should be equal to the amount of corn purchased by buyers in the market.
 Farmers have chosen the optimal quantity of corn to produce given the price of 5.50 per bushel.
 Consumers have chosen the optimal quantity of corn to buy given the price of 5.50 per bushel.

Answer to Question 2

A


luvbio

  • Member
  • Posts: 623
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Hybrid vigor in corn Hybrid vigor in corn
Hybrid vigor in corn Hybrid vigor in corn
GMO Corn GMO Corn
Under what conditions can part-time employment in high school be a negative influence on school ... Under what conditions can part-time employment in high school be a negative influence on school ...
A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ... A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ...
Early growth of corn (Zea mays), a typical monocot. Early growth of corn (Zea mays), a typical monocot.
Video: Hormonal regulation of blood pressure - RAA system

For a complete list of videos, visit our video library