The Smith Family Owns an Apple Orchard in Illinois

The Smith family owns an apple orchard in Illinois. The Jones family owns an apple orchard in Wisconsin. A late frost destroys half of the Smith family's harvest for one year. For the Jones family, their

A) transitory income for the year of the frost likely exceeds their permanent income.
B) permanent income likely exceeds their transitory income for the year of the frost.
C) permanent income will be more affected by the frost than their transitory income.
D) Both a and c are correct.