A  -acre farm produced   bushels of corn last year. What is the minimum rate of production, in bushels per acre, that is needed this year so the farm's two-year production total will be at least   bushels of corn?

Matthew grows wheat on his farm. One of his fields produced 66.8 bushels of wheat this year. If wheat is currently selling for $5.40 per bushel, how much will Matthew earn from this field?

Without the addition of fertiliser, the annual crop from a potato farm would only be80% of the previous year’s crop. A farm produced 15 tonnes of potatoes in its first yearof production. Assume that no fertiliser is used. Give answers correct to two decimalplaces where necessary.a List the size of the potato crop for each of the first 4 years.b What will be the total potato production for the first 4 years?c In which year would the annual potato crop be less than a third of the cropproduced in the first year?

Suppose that Richland and Prosperity have the production possibilities shown below: RICHLAND’S PRODUCTION POSSIBILITIES (millions of units) A B C D E Wheat 60 45 30 15 0 Wine 0 5 10 15 20 PROSPERITY’S PRODUCTION POSSIBILITIES (millions of units) A B C D E Wheat 40 30 20 10 0 Wine 0 15 30 45 60 Assume that cost and productivity remain constant. Round your answers below to 2 decimal places. a. What is the opportunity cost of producing one bushel of wheat in Richland? 1 bushel of wheat = 0.33 barrels of wine. b. What is the opportunity cost of producing one barrel of wine in Richland? 1 barrel of wine = 3 bushels of wheat. c. What is the opportunity cost of producing one bushel of wheat in Prosperity? 1 bushel of wheat = 1.5 barrels of wine. d. What is the opportunity cost of producing one barrel of wine in Prosperity? 1 barrel of wine = 0.67 bushels of wheat. e. In what product does Richland have a comparative advantage? Richland: Wheat f. In what product does Prosperity have a comparative advantage? Prosperity: Wine Suppose that both countries are presently producing combination C. g. Fill in the blanks in the following table: TOTAL OUTPUT IN MILLIONS OF UNITS Wheat Wine Richland 30 10 Prosperity 20 30 Total Both countries 50 40 Now suppose that each country specializes in the product in which it has a comparative advantage. h. Show the results in the following table: Wheat Wine Richland 60 0 Prosperity 0 60 Total Both countries 60 60 i. What is the joint gain from trade? 10 Wheat and 20 Wine Suppose that the two countries establish the terms of trade at 1 wine = 1.5 wheat, and Prosperity decides to export 18 wine to Richland. j. In the following table show how the two countries will share the gains from trade. Round your answers below to 1 decimal place. GAINS FOR EACH COUNTRY Wheat Wine Richland Prosperity Total Both countries

If Farm A has 300 cows with a cull rate of 40%, age at 1st calving of 29 months, and non-completion rate of 15%, how many heifers the does dairy need per year?

The table below shows Ali’s monthly costs of producing wheat. Suppose the current market price of wheat is $56.00 per bushel. Ali's Wheat Production CostsQuantity (bushels) AVC (dollars) ATC (dollars) MC (dollars)0 — — —500 $40.00 $240.00 $40.001,000 35.00 85.00 30.001,500 30.00 63.33 20.002,000 30.00 55.00 30.002,500 31.00 51.00 35.003,000 32.67 49.33 41.003,500 34.86 49.15 48.004,000 37.50 50.00 56.004,500 40.57 51.67 65.005,000 44.00 54.00 75.00 Instructions: Enter your answers as a whole number. If you are entering a negative number include a minus sign. a. If the market price is $56.00 per bushel of wheat, and Ali chooses to produce wheat, how much will he produce per month to maximize his profits in the short run?       bushels per month b. Calculate Ali’s monthly profits (express a loss as a negative number) if he chooses to produce the profit-maximizing quantity of wheat at a price of $56.00.      $  c. Assume that the market price of wheat falls to $35.00 per bushel. How much wheat will Ali choose to produce per month in order to maximize his profits in the short run?       bushels per month d. Calculate Ali’s monthly profits (express a loss as a negative number) if he chooses to produce the profit-maximizing quantity of wheat at a price of $35.00.      $  e. If the market price of wheat instead falls to $20.00 per bushel, how much wheat will Ali choose to produce per month in order to maximize his profits in the short run?       bushels per month