Government officials are frustrated that the price guarantee is both costly and wasteful, especially for new entrants into the market that are not efficient producers. They thus propose the following scheme in an attempt to maintain support for farmers at a lower cost: Farmers who entered the market only after the price guarantee was put in place will be offered $2 per bushel not to grow corn. They will be paid based on how many bushels they produced previously. Recall that these farmers are represented by the part of the supply curve above the initial equilibrium price of $6 but below $8. What will be the total cost to the government of this new scheme? million dollars What is the deadweight loss under the new scheme? million dollars

One question from a survey was "how many credit cards do you currently have? " the results of the survey are provided. complete parts (a) through (g) below. click the icon to view the survey results. (a) determine the mean number of credit cards based on the raw data. the mean is 3.113.11 credit cards. (type an integer or a decimal. do not round.) (b) determine the standard deviation number of credit cards based on the raw data. the standard deviation is 1.9111.911 credit cards. (round to three decimal places as needed.) (c) determine a probability distribution for the random variable, x, the number of credit cards issued to an individual. x (# of cards) p(x) x (# of cards) p(x) 1 0.280.28 6 nothing 2 nothing 7 nothing 3 nothing 8 nothing 4 nothing 9 nothing 5 nothing 10 nothing (type integers or decimals. do not round.)

Marketing1. suppose the average price for a new disposable cell phone is $20, and the total market potential for that product is $4 million. topco, inc. has a planned market share of 10 percent. how many phones does topco have the potential to sell in this market? 20,0002. use the data from question 3 to calculate topco, inc.'s planned market share in dollars. $400,0003. atlantic car rental charges $29.95 per day to rent a mid-size automobile. pacific car rental, atlantic's main competitor, just reduced prices on all its car rentals. in response, atlantic reduced its prices by 5 percent. now how much does it cost to rent a mid-size automobile from atlantic? $28.45

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes