Crop Yield Market Price Gross Profit 20 cows (milk) 50,000 gallons $2.50 per gallon 30 sheep (wool) 900 pounds $3.50 per pound 40 chickens (eggs) 1,023 dozen $2.96 per dozen 100 acres corn 13,000 bushels $3.48 per bushel 100 acres wheat 3,700 bushels $9.23 per bushel 100 acres soybeans 6,600 bushels $4.00 per bushel 5 acres peaches 2,700 bushels $28.00 per bushel Total Gross Profit

The management of a private investment club has a fund of $250,000 earmarked for investment in stocks. to arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high risk (x), medium risk (y), and low risk (z). management estimates that high risk stocks will have a rate of return of 15%/year; medium risk stocks, 10%/year; and low risk stocks, 6%/year. the amount of money invested in low risk stocks is to be twice the sum of the amount invested in stocks of the other two categories. if the investment goal is to have a rate of return of 9% on the total investment, determine how much the club should invest in each type of stock. (assume that all the money available for investment is invested.)

What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right