Acompany purchased a tract of land for its natural resources at a cost of $1,544,800. it expects to mine 2,020,000 tons of ore from this land. the salvage value of the land is expected to be $252,000. the depletion expense per ton of ore is:

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.