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Solar Energy, Inc., is issuing 500,000 shares of stock. Each share will be sold at $45. The underwriting commission is 3% of the value of the stock. The other expenses are expected to be 0.6% of the value of the stock. If all the shares of stock are sold, what net proceeds will Solar Energy receive?
Match the following terms to the correct definitions:
B. Forced migration
C. Temporary workers
D. Tradable emission permits
E. Fossil fuels
F. Greenhouse gases
___________ 1. Individuals, such as trained engineers for the technology industry, allowed into a country on a temporary work permit.
___________ 2. Carbon dioxide, methane, and nitrous oxide that collect in the atmosphere and prevent some of the sun’s heat from escaping out into space.
___________ 3. These are used to convey the right to emit a certain amount of pollution and can be sold by one firm to another.
___________ 4. Those individuals who do not wish to leave their home country but are forced out by war, disease, drought, famine, or oppression.
___________ 5. To contract with foreign firms to produce goods that will be sold by the domestic firm.
___________ 6. Coal, oil, and gas, which are of limited supply and need to be conserved, have traditionally contributed most of the energy for economic growth.
Suppose that at the beginning of a year, the price of corn is $3.80 per bushel, and 14 billion bushels are harvested. There are approximately 400,000 corn farmers, so the average output per farmer is about 350,000 bushels. The following graphs assume that the market for corn is initially in long-run equilibrium. Favorable weather during the year increases the total corn harvest to 16 billion bushels. Assume that no other factors affect the market for corn.
What percentage of the total corn output did the average corn farmer produce at the beginning of the year?