Tell me how you find out how much to charge for a bushel of corn. Kim I ell my corn at the grain elevator in my county. The grain elevator operator tells me the market price when I come to sell my corn. James What would happen if you asked for a higher price for your corn? Kim The grain elevator operator would probably laugh and tell me the market price IS the price that they will buy my com for - not a penny more! If I was a good negotiator, the grain elevator operator might give me a price that is slightly higher than the market price.

Tell me how you find out how much to charge for a bushel of corn. Kim I ell my corn at the grain elevator in my county. The grain elevator operator tells me the market price when I come to sell my corn. James What would happen if you asked for a higher price for your corn? Kim The grain elevator operator would probably laugh and tell me the market price IS the price that they will buy my com for - not a penny more! If I was a good negotiator, the grain elevator operator might give me a price that is slightly higher than the market price.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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