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MrRissso [65]
3 years ago
13

Consider the market for wheat in Pakistan, illustrated in the graph at right. In recent years, the government of Pakistan has es

tablished a support price for wheat of about $0.24 per kilogram of wheat.
At this price consumers are willing to purchase approximately 9 billion kilograms of wheat per year while Pakistani farmers are willing to grow and harvest approximately 19 billion kilograms of wheat per year. The government purchases and stores all surplus wheat.

What are annual consumer expenditures on the Pakistani wheat crop? $______billion (round your answer to two decimal places)

How much in total do Pakistani wheat farmers receive for the wheat they produce? $______billion (round your answer to two decimal places)

What are annual government expenditures on the Pakistani wheat crop? $____ billion (round your answer to two decimal places.
Business
1 answer:
lianna [129]3 years ago
6 0

Answer:

a. Annual consumer expenditure

9,000,000,000* $0.24= $2.16 billion

b. farmers receive for wheat production

19,000,000,000* $0.24=$4.56 billion

c. government expenditure on wheat

total production by farmers minus total purchase by consumers (because excess production is stored by the government)

$4.56 billion - $2.16 billion = $2.46 billion

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vlabodo [156]

Answer:

1st     46,398.83

2nd    49,646.74

3rd      53,122.02

4th      56,840.56

5th       60,819.40

Explanation:

given a growing annuity we have to solve for the installement

FV = \frac{1-(1+g)^{n}\times (1+r)^{-n} }{r - g}

FV = PV (1+r)^5 = 180,000 x 1.14^5 =  346,574.62  

grow rate 0.07

interest rate 0.14

n = time     5

346,574.62 = C  \times \frac{1-(1+0.07)^{5}\times (1+0.14)^{-5} }{0.14 - 0.07}

C = 46398.8284

Now, to determiante the subsequent payment we multiply by the grow rate of 1.07

6 0
3 years ago
A tragic flaw in a character is cause by
suter [353]
Tragic flaw is a literary device that can be defined as a trait in a character leading to his downfall, and the character is often the hero of the literary piece. This trait could be the lack of self-knowledge, lack of judgment, and often it is hubris (pride).
3 0
3 years ago
In standstill water a steam boat is accelerated 3 m per square from position of rest in an interval of 8 sec determine the dista
iragen [17]

<h2>Given:-</h2>

  • Acceleration ,a = 3m/s

  • Initial velocity ,u = 0m/s

  • Time taken ,t = 8s

<h3>To Find:-</h3>

  • Distance travel by the boat ,s
<h3 /><h3>Solution:-</h3>

We have to calculate the distance covered by the boat in given time interval. Using 2nd equation of motion

<h3>s = ut + 1/2at²</h3><h3 />

where,

v is the final velocity

a is the acceleration

u is the initial velocity

t is the time taken

s is the distance covered

Substitute the value we get

:⟹ s = 0×8 + 1/2×3 × 8²

:⟹ s = 0 + 1/2 × 3 × 64

:⟹ s = 3/2 × 64

:⟹ s = 3 × 32

:⟹ s = 96 m

Hence, the distance covered by the steam boat is 96 metres.

8 0
2 years ago
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6 0
3 years ago
_____________ - a term referring to the fact that for many goods, as the level of production increases, the average cost of prod
amm1812

Answer:

Economies of scale

Explanation:

As the production increases, the cost per unit of a single product type decreases.

7 0
3 years ago
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