The farmer produces 119 bushels of wheat at a total cost of $3 per bushel. he sells all of the wheat to firm f for $5 per bushel. firm f produces 51 pounds of flour from the wheat at a total cost of $6 per pound (including the amount paid to the farmer for the wheat). firm f sells 45 pounds of flour to consumers for $10 per pound. there are no other firms in this simple economy. in total, how much profit do the farmer and firm f earn? enter a whole number with no dollar sign.

Explanation:

Farmer:

Total cost of production of farmer = number of bushel × cost of per bushel

                                        = 119 × $3

                                        = $357

Total revenue of farmer = price × quantity sold

                                        = $5 × 119

                                        = $595

Total profit of farmer = Total revenue - Total cost

                                   = 595 - 357

                                   = 238

Firm F:

Total cost of production of firm F = pounds of flour × cost of per pound

                                        = 51 × $6

                                        = 306

Total revenue of firm F = price × quantity sold

                                        = $10 × 45

                                        = 450

Total profit of Firm F = Total revenue - Total cost

                                   = 450 - 306

                                   = 144

you had the wrong answer

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.