Question

In: Economics

Assume one pound of raw wheat produces 0.85 pounds of retail flour. If 135 billion pounds...

Assume one pound of raw wheat produces 0.85 pounds of retail flour. If 135 billion pounds of wheat is produced and made into flour, what is the retail-equivalent of wheat production?

Solutions

Expert Solution

114.75 billion pounds

The retail equivalent of the broiler industry (which accounts for most commercial chicken production) in the United States was $44 billion in 2008; in 2007, Georgia led the country by producing 16% of all broilers


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