# Macroeconomics

posted by .

Cranberry productions in Mass totaled 1.8 million barrels in 2004, 28% increase from previous year's production. This year's crop avg 127.9 barrels per acre, an increase of over 30 barrels per acre from 2003 crop. But demand increased by even more than supply, actually pushing 2004 prices above 2003 prices. illustrate the following with supply and demand curves. I am so confused please help.

## Similar Questions

1. ### Pre-Calculus

A farmer can plant a combination of two different crops on 20 acres of land. Seed costs \$120 per acre for crop A and \$200 per acre for crop B. Government restrictions limit acreage of crop A to 15 acres, but do not limit crop B. Crop …
2. ### Probability

Daily output of Marathon's Garyville, Lousiana, refinery is normally distributed with a mean of 232,000 barrels of crude oil per day with a standard deviation of 7,000 barrels. Find the probability of producing.. a. at least 232,000 …
3. ### geography

What is the significance of this and what are the consquences. I don't understand the world of economics. Maybe a little help to get started. Thank you. Canacol Energy, an oil firm listed in Toronto and Bogota has a goal to increase …
4. ### Math

Farmer McDonald has 150 acres of land to put into crops and 8000 dollars to spend planting and raising them. He can plant two crops, which we'll call crop A and crop B. Crop A costs \$40/acre to raise and crop B costs \$60/acre. He also …
5. ### Statistics

Daily output of Marathonâ€™s Garyville, Lousiana, refinery is normally distributed with a mean of 232,000 barrels of crude oil per day with a standard deviation of 7,000 barrels. (a) What is the probability of producing at least 232,000 …
6. ### Statistics

Daily output of Marathon's Grayville, LA, Refinery is normally Distributed with a mean of 232,000 barrels of crude oil per day with a standard deviation of 7,000 barrels. a. what is the probability of producing at least 232,000 barrels?
7. ### Calc

The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is D(p)=800/p barrels, where p is the price per barrel in dollars. Find the demand when p=55. Estimate the …
8. ### Math

The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is D(p)=800/p barrels, where p is the price per barrel in dollars. Find the demand when p=55. Estimate the …
9. ### Linear Programming - The Graphical Method

A farmer is going to divide her 60 acre farm between two crops. Seed for crop A costs \$20 per acre. Seed for crop B costs \$10 per acre. The farmer can spend at most \$700 on seed. If crop B brings in a profit of \$60 per acre, and crop …
10. ### Linear Programming

A farmer is going to divide her 60 acre farm between two crops. Seed for crop A costs \$20 per acre. Seed for crop B costs \$10 per acre. The farmer can spend at most \$700 on seed. If crop B brings in a profit of \$60 per acre, and crop …

More Similar Questions