A cotton grower produces cotton for ginning and cotton seed. On his X acres, he produces 20X^2 pounds of seed and 50X pounds of cotton. The price he receives for seed and cotton are $.625/pound and $1.00/pound, respectively.
1. Assuming the total variable cost per acre is X^3 and his fixed cost is $250, what are the optimal acres to be planted to maximize profit and what will that profit be?

Select all that apply. select the ways that labor unions can increase wages. collective bargaining reducing the labor supply increasing the demand for labor creating monopolies

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.