The Secretary of Agriculture is concerned about the costs of three possible wheat programs: (1) a Non-Recourse Loan (government surplus purchase) Program; (2) a Marketing Loan Program; and (3) a Price Loss Coverage program. Answer his questions below in Questions 37 through 39 given the information below. Information given: Price elasticity of supply 0.25 Equilibrium price with no policy $6.20/bushel Price elasticity of demand -1.25 Equilibrium quantity with no policy 10.00 million bushels What would the non-recourse loan program cost with a NR Loan Rate of $7.44/bushel

Why do you think the compensation plans differ at the two firms? in particular, why do you think kaufmann’s pays commissions to salespeople, while parkleigh does not? why does parkleigh offer employees discounts on purchases, while kaufmann’s does not?

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars