Suppose that corn farmers want to increase their total revenue. Knowing that the demand for corn is inelastic, corn farmers should
A: plant more corn so that they would be able to sell more each year.
B: increase spending on fertilizer in an attempt to produce more corn on the acres they farm.
C: reduce the number of acres on which they plant corn.
D: contribute to a fund that promotes technological advances in corn production.
A: plant more corn so that they would be able to sell more each year.
B: increase spending on fertilizer in an attempt to produce more corn on the acres they farm.
C: reduce the number of acres on which they plant corn.
D: contribute to a fund that promotes technological advances in corn production.
举一反三
- If corn farmers know that the demand for corn is inelastic, and they<br/>want to increase their total revenue, they should all: () A: plant<br/>more corn so that they would be able to sell more each year. B: increase<br/>spending on fertilizer in an attempt to produce more corn on the<br/>acres they farm. C: reduce<br/>the number of acres they plant in corn. D: contribute<br/>to a fund that promotes technological advances in corn production.
- If corn farmers know that the demand for corn is inelastic, and they want to increase their total revenue, they should all
- Which of the following would increase the supply of corn? A: a decrease in the price of wheat B: an increase in the price of pesticides C: a severe drought in the corn belt D: a decrease in the demand for corn E: a fall in the price of corn
- Which of the following statements is NOT true about corn A: Corn is a kind of vegetable. B: Corn can be stored for a long time. C: Corn can be used to make alcohol. D: Corn is probably even more popular than potatoes all
- Suppose that when the price of corn is $2 per bushel, farmers can sell 10 million bushels. When the price of corn is $3 per bushel, farmers can sell 8 million bushels. Which of the following statements is true?_________.