Sorghum Production (Bushels)

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Sorghum Production (Bushels) EQ #7 – AGEC 105 (4 pts in total) Capps – October 7, 2013 1. Land (Acres) Fertilizer (Tons) Sorghum Production (Bushels) MPP APP 4 40 68 - ? 75 1.25   TPP curve or production function

EQ #7 – AGEC 105 Random Questions (4 pts in total) Capps – October 7, 2013 2. (1/2 pt) Which of the following is (are) a condition for perfect competition? (a) Few sellers (b) Differentiated or non-homogeneous products (c) Barriers to entry and exit (d) None of the above _____________________________________________________________ Random Questions Counting the current government shutdown, historically how many shutdowns have occurred in U.S. history? 18 Net income for the Sysco Corporation (Systems and Services Company) in 2010 was $1.18 billion. Revenue in 2010 amounted to $37.24 billion. What was the profit margin for the Sysco Corporation in 2010? 3.17%

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