AGB312 s99 Assignment6

# AGB312 s99 Assignment6 - Name_H Assignment#6(’ Due in...

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Unformatted text preview: Name: _H, Assignment #6(’ Due in class on March 7, 1999 1. Assume that you are producing a commodity that is involved in a farm program. The target price is \$90 and the loan rate is 560. Using the graph below, answer the following questions (making sure to show your work): . in, { ﬁx: U (a) What is the level of supply given the above scenario? m 'I I' ' P“ 23 (b) What is the total amount of deﬁciency payment? (bio “W 60b Q (c) Assuming away storage and interest costs and assuming all production is included in the program, what is the total loan value under the nonrecourse loan program, i.e., what is the total value of defaulted loans? ‘ : ..) V.‘ 3} pr- \$3M Pﬂaﬁﬁ 1 m IIS ind/bu IL“ inﬁrm ' I-IIII-I- ° ‘ 10 15 an a 9}"; H5305- ¢ ‘1’: L, “"114; . WAGE 312-02 I Wm I new“ i ' .1- 'c 5 4 ‘ r “’11” i. 64% 'iv’ {‘i ['41. w Name: 2. Assume that you are producing a commodity that is involved in a farm program. The target price is \$100 and the loan rate is 370. Using the graph below, answer the following questions (making sure to show your work): (a) -What is the level of supply given the above scenario? 2.6 (b) What is the total amount of deﬁciency payment? (100-70) -= 5760 Q (c) Assuming away storage and interest costs andasmming all production is included in the program, what is the total loan value under the nonrecourse loan program, i.e., what is the total value of defaulted loans? - Mi I r: i / (2.5" 2.3) '70 : ------------- III-I'l-I-I-I- --!-!_-ﬂ----- “Rikﬁﬁli-I-I-I- is ,., QQERE ‘i\ ‘l-‘----- Eva, QEEJEABél-I - ,. .I'Ulnlﬁ- - -- ---l'.'L-L“-- IIHIIHi-IR‘I --"IIH---= I 4%» (5%: xi} [3 1.; («f7 7 znzlwmmmssimﬁ ' ‘ ’ Ag: 31 _2_ kg- Name: 3. Assume that you are producing a commodity that is involved in a farm program. The target price is \$80 and the loan rate is 560. Using the graph on the next page, answer the following questions (making sure to show your work): (a) What is the level of supply given the above scenario? 77 (b) What is the market-clearing pn'ee (m the competitive equilibrium price) given the above scenario? ‘ ' ., i _ f w W PM (c) Is there a surplus produced and, if so, how much? 77 I 44} 2: 33 (d) What is the total amount of deﬁciency payment? (go—a9: @0077) 2 \$1640 2® (e) What is the total aggregate mks; revenue generated given the above scenario, i.e., how much did producers earn from selling their production on the market? I 7 74M , p1 . I :2? E‘V_ xlﬂﬂﬂﬂﬂﬂﬂﬂ l!ilh§!ﬁ!i§!ii§ﬂlliillllllllllll siIIIiisIjIIiiiuIIIIIIIIIIIIIIII IIIIIIIIII=iIIIIIIIII IIIII !!!!II!!!!!III!!I!III I I IIIIIiIIIIIIIIIIiII I I III I I I I I II I I II IIIIIIIIIIIIIIHII I II IIIIIIIIIIIIIIHIIIII I II uuuupuuhuuuuuuu 400‘” ’31 A63 [email protected]%m 2000 I Assignment #6 077 p '3' "|lll In... , IIIIiI I” Name: 4. Assume that you are producing a commodity that is involved in a farm program. The target price is \$54 and the loan rate is 340. Using the graph below, answer the following questions (making sure to show your work): _ (a) What is the level of supply given the above scenario? 57 (b) What is the total amount of deﬁciency payment? Pﬁzé-MW‘ IIIIIIIIIIIIIIIIII ﬁlllllllllllllllll I I iaslrllzilllllllll asaaaartglllllllll !!|IIIIIIIE!I!IIIII Illllllilllllllllillll llIIlllllllllllIllllII .H‘ lllllillIlllllllllllllllllllllll !ﬂﬂﬂﬂﬁﬂﬂﬂﬂ¥ﬂ¥¥¥¥l‘ Gall-i" r" AC3 312-02! Wm 2000-! mm“ 4- ...
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• Spring '99
• MacDougall

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