In the In the News article "Southern Farmers Hooked on New Cash Crop," production of catfish has skyrocketed in the United States from 16 million pounds in 1975 to an expected 340 million pounds in 1989.The business is growing among farmers in Alabama, Arkansas, and Louisiana.Which of the following is the motive that enticed many farmers to give up the production of row crops to produce catfish?
A) Row crops are relatively more profitable than catfish.
B) Row crops necessarily have negative economic profits.
C) Catfish is relatively more profitable than row crops.
D) Catfish is easier to produce than row crops.
Correct Answer:
Verified
Q100: Q102: When technology improves,the firm's marginal cost curve Q103: The profit motive encourages businesses to produce Q107: Which of the following does not affect Q112: Economic profit is zero when a firm's Q114: Which of the following affects the ATC Q116: An In the News article,"Too Many Sellers: Q117: The marginal cost curve Q118: An In the News article discusses "Too Q120: In the News article,"Are Profits Bad?" most![]()
A)Is not affected by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents