Author Question: If the wheat harvest next summer in Canada will be much less than had been expected, there will tend ... (Read 204 times)

09madisonrousseau09 · **on:** Jun 29, 2018

If the wheat harvest next summer in Canada will be much less than had been expected, there will tend to be

A) a decrease in the price of wheat futures and an increase in the current cash price of wheat in the US.
B) a decrease in the price of wheat futures and in the current cash price of wheat in the US.
C) an increase in the price of wheat futures and a decrease in the current cash price of wheat in the US.
D) an increase in the price of wheat futures and in the current cash price of wheat in the US.

Question 2

The marginal cost and total revenue of a firm are 5 and 275, respectively. The reservation value of the seller in this case is ________.

A) 0
B) 5
C) 55
D) 275