(Answered) If the average annual income of a family is 6500 per family

Economics

If the average annual income of a family is $6,500 per family, each family consumes 200 pounds, with an estimated 10 pounds, and the average price per pond is $1, and the population is one million people.

The government wants to provide adequate nutrition to the families so that each family is able to afford 250 pounds of meat per year. This can be done by transferring income to the families by the government. What is the cost of this program.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93053720
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question the town of lookout mountain georgia had become a

Question: The town of Lookout Mountain, Georgia, had become a desirable place to live, and property owners were subdividing some of their land within the city limits in order to build new homes. However, after some peopl ...

Discussion customs brokerswhy should individuals and firms

Discussion: Customs Brokers Why should individuals and firms use customs brokers when importing and exporting? What are the benefits? Your post must be at least 300 words, formatted and cited in proper APA style with sup ...

Question - after reading business cycles by christina d

Question - After reading Business Cycles By Christina D. Romer, answer this: What were the causes of business cycles before 1914? What happened to Business Cycles between 1929 and 1948? What was the history of Business C ...

Question assume that a series of inflation rates is 1

Question: Assume that a series of inflation rates is 1 percent, 2 percent, and 4 percent, while nominal interest rates in the same three periods are 5 percent, 5 percent, and 6 percent, respectively. a. What are the ex p ...

Question traders in asset markets suddenly learn that the

Question: Traders in asset markets suddenly learn that the interest rate on dollars will decline in the future. Use a diagram to show the new equilibrium, assuming current interest rates on dollar and euro deposits do no ...

Question following are some compounding and discounting

Question: Following are some compounding and discounting problems: a. Say $177 grows to $189 over a year at simple interest, that is, one annual payment and no compounding within the year. What is the implied interest ra ...

Question the theory of comparative advantage may be applied

Question: The theory of comparative advantage may be applied to a country's output. Although natural resources within a country may often provide the best opportunity for comparative advantage, certain countries are able ...

Question what were the principal factors that caused the

Question: What were the principal factors that caused the ratio of the purchase of producers' durable equipment to GDP to rise so much during the 1990s? Why was this pattern suddenly reversed in 2001? The response must b ...

Who is helped who is hurt by a living wage requirement what

Who is helped, who is hurt by a living wage requirement? What underlying data is used to justify a living wage requirement? What are the long run impacts of a living wage requirement?

Question using academic scholarly research find an article

Question: Using academic scholarly research, find an article that addresses an ethical dilemma from the past five years and annotate it thoroughly. What are the key points to the article? Summarize the dilemma. What are ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert