6. Farm programs that pay farmers not to plant crops on all their landhurt farmers by increasing total revenue in the market but help consumers by raising food prices.hurt farmers by lowering their total revenue and hurt consumers by causing shortages of some food.help farmers by cutting costs, which helps consumers by lowering food prices.help farmers directly since they receive government payments but have no real effects on consumers.E. help farmers by increasing total revenue in the market but hurt consumers by raising food prices.ABCDE

Total revenue is the number of total sales of goods and services.

6. Farm programs that pay farmers not to plant crops on all their land A. hurt farmers by increasing total revenue in the market but help consumers by raising food prices. B. hurt farmers by lowering their total revenue and hurt consumers by causing shortages of some food. C. help farmers by cutting costs, which helps consumers by lowering food prices. D. help farmers directly since they receive government payments but have no real effects on consumers. E. help farmers by increasing total revenue in the market but hurt consumers by raising food prices.

6. Farm programs that pay farmers not to plant crops on all their land A. hurt farmers by increasing total revenue in the market but help consumers by raising food prices. B. hurt farmers by lowering their total revenue and hurt consumers by causing shortages of some food. C. help farmers by cutting costs, which helps consumers by lowering food prices. D. help farmers directly since they receive government payments but have no real effects on consumers. E. help farmers by increasing total revenue in the market but hurt consumers by raising food prices.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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