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In 2009, it was estimated that the total value of all corn-production subsidies in the United States totaled about $4 billion. The population of the United States was approximately 300 million people that year. a. On average, how much did corn subsidies cost per person in the United States in 2009? (Hint: A billion is a 1 followed by nine zeros. A million is a 1 followed by six zeros.) Instructions: Round your answer to 2 decimal places.$ per person. b. If each person in the United States is only willing to spend $0.40 to support efforts to overturn the corn subsidy, and if antisubsidy advocates can only raise funds from 20 percent of the population, how much money will they be able to raise for their lobbying efforts? Instructions: Round your answer to 1 decimal place. $ million. c. If the recipients of corn subsidies donate just one percent of the total amount that they receive in subsidies, how much could they raise to support lobbying efforts to continue the corn subsidy? Instructions: Enter your answer as a whole number. $ million. d. By how many dollars does the amount raised by the recipients of the corn subsidy exceed the amount raised by the opponents of the corn subsidy? Instructions: Round your answer to 1 decimal place. $ million.
You are responsible for detecting the source of errors when the computer system fails. From your analysis you know that the source of error is the disk drive, computer memory, or the operating system. You know that 50% of the errors are disk drive er..
Roughly speaking, a merger between two firms is legal:
Aaron and Barry, living close to the entrance to the Yosemite National Park, sell the same kind of drinking water to tourists. Every day in the morning, Aaron carries some water to the park. Barry, observing how much water Aaron brings to the park, d..
Describe various opportunity costs of attending a four-year college (assuming a full-time schedule). Given these opportunity costs, why do people choose a four-year college experience? In your own life, what are the trade-offs you face when choosing ..
If a perfectly competitive firm is incurring a short-run loss, it
Some industries are dominated by women because women are more productive than men in those industries. For example, mushroom pickers tend to be women because their smaller hands don’t bruise the mushrooms. Often men are able to compete with women in ..
What is the value of a preferred stock that pays a perpetual dividend of $100 at the end of each year when the interest rate is 6 percent?
What method of inventory valuation should be used for economic decision-making problems?
Three years ago, you purchased 192 shares of IBM stock for $101 a share. Today, you sold your IBM stock for $117 a share. For this problem, ignore commissions that would be charged to buy and sell your IBM shares and dividends you might have received..
Select a model that you have some experience with and determine what types of specification errors you might encounter. Provide examples to support your response. Develop two or three best practices to help mitigate the error(s) you identified above...
Run a multiple regression that has the maintenance cost as the dependent variable and the age, miles per month, and Gasoline dummy variable as independent variables.
What must happen to induce foreign residents to buy the bonds? If foreign residents desire to purchase the bonds, what is the most important source of dollars to buy them?
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