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Author Question: Corn is produced in a perfectly competitive market. The demand for ethanol decreases. This will ... (Read 62 times)

vinney12

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on: Apr 19, 2019

Question 1

An individual wheat farmer produces wheat in a perfectly competitive market. A decrease in the market demand for wheat will cause the farmer's marginal revenue to ________ and his profit-maximizing level of output to ________.


◦ increase; increase
◦ increase; decrease
◦ decrease; increase
◦ decrease; decrease

Question 2

Corn is produced in a perfectly competitive market. The demand for ethanol decreases. This will cause the individual corn farmerʹs marginal revenue to ________ and their profit-maximizing level of output to ________.


◦ increase; increase
◦ increase; decrease
◦ decrease; increase
◦ decrease; decrease
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by vinney12 on Apr 19, 2019

Jody Vaughn

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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vinney12

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

laurnthompson

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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