Explain the net price that farmers pay

Assignment Help Business Economics
Reference no: EM133083727

1. Transportation costs per ton of product vary with distance. For trucks the function is: = 3 + 1.25 For rail it is: = 5 + For barge it is: = 6 + 1.1 where d is the distance in hundreds of miles and TC is dollars per ton. Make a table showing the least cost mode of transport for distances d = 1, 2, ...,10. Graph the problem and label the modal break points clearly. No graph paper, max 50% points on assignment.

2. Farmers growing peas ship them to the processing plant of their cooperative. The price paid for peas by the coop is $25 per ton minus the cost of haulage. The coop charges hauling fees of:where d is the distance from the farm to the plant in miles and TC is the cost of haulage per ton. Make a table showing the net price the farmers receive for d = 1, 2, ...,10 miles distance from the plant.

3. These same farmers buy fertilizer from the coop at $11/ton. The fertilizer store is the same location as the processing plant for the peas. They pay for haulage from that location at a cost of: = 1.5 + where d is the distance in miles from the fertilizer store to the farm and TC is the cost per ton. The net cost of fertilizer is $10 plus hauling expenses. Make a table showing the net price that farmers pay for d = 1, 2, ...,10 miles distance from the plant.

Reference no: EM133083727

Questions Cloud

Determine the current account deficit : Why shouldn't the the U.S. be worried about the current account deficit?
Light of the contribution of the world bank : In light of the contribution of the World Bank, what should be the way forward for the Caribbean.
How do we get america back to work : We are in a crisis for workers. How do we get America back to work?
What is the price per barrel : Suppose the Olive Oil industry (good X) is characterized by Monopolistic Competition in both the Home and Foreign country. The different producers offer differe
Explain the net price that farmers pay : 1. Transportation costs per ton of product vary with distance. For trucks the function is: = 3 + 1.25 For rail it is: = 5 + For barge it is: = 6 + 1.1 where d i
How many firms will produce in the home market in autarky : Pi=1nb+P¯-XiX¯bPi=1nb+P¯-XiX¯b for any firm i. Fixed Costs are F=$6M, Marginal costs are constant C=$300 per barrel. b=.0125. The size of the home market is 30M
Reasons for this population explosion : Globally, the human population is increasing exponentially. What are some of the reasons for this population explosion? Do you think this is something that shou
Sketch a supply curve that represents the supply of salt : Please help me with my managerial economics class. you can draw your illustration in the paper. it is a case analysis study. please draw the n diagram in your p
Demand function for nazarene university services : Suppose you estimated the following linear demand function for Nazarene University's services/products

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd