The average corn price received by farmers in 1950 was 152, Ask an Expert

Economics

The average corn price received by farmers in 1950 was $1.52 and in 2014 it was $4.11. The Consumer Price

Index (CPI) with a base period of 1982 through 1984 were 24.1 and 236.7 for the same years, respectively.

What are the corn prices for those years in real 1982-4 dollars (to the nearest cent)?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91420989

Have any Question?Write your Review or question?

Related Questions in Business Economics

Why is the term asymmetric information in order to

Why is the term asymmetric information in order to understand why some people are better informed than others, and the imbalance in information affects the choices they make and how they deal with one another?

What are the main things to remember about elasticity

What are the main things to remember about elasticity, supply and demand, tax incidence, government controls on the market, and economic theories?

A factory makes parts for laptop computers including screws

A factory makes parts for laptop computers, including screws. The screws are required to have the right length. The lengths of the screws obey a normal distribution with mean μ=4.25 millimeters and standard deviation σ=0 ...

Explain the key differences between the virtual value chain

Explain the key differences between the virtual value chain and a physical value chain. How can firms exploit the virtual value chain to gain a competitive advantage

What is the formula used to calculate marginal product of

What is the formula used to calculate marginal product of food and manufactures.

1 a country and an import of that country whats the reason

1. A country and an import of that country. What's the reason for that import and who are the winners? Are there any losers? 2. A country and an export of that country. b) What's the reason for that export and who are th ...

A if the required reserve ratio is 250 percent what is the

a. If the required reserve ratio is 2.50 percent, what is the monetary multiplier b. If the monetary multiplier is 5, what is the required reserve ratio?

A shipment of 15 televisions sets contains 3 defective sets

A shipment of 15 televisions sets contains 3 defective sets. A hotel purchases 9 of these televisions sets. What is the probability that the hotel receives at least one of the defective sets?

Understanding the importance of international trade in

Understanding the Importance of International Trade in Various Countries Whereas imports and exports in the United States each account for about one-eighth of total annual national income, in some countries the figure is ...

What changes would you propose if you were on the central

What changes would you propose if you were on the central planning committee that made decisions for your city?

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 Business Economics Expert