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3. Senator Cityslicker doesn't like the Secretary's government surplus purchase program proposal or Congressman Drinksalot's marketing loan program because she says both result in too
3. Senator Cityslicker doesn't like the Secretary's government surplus purchase program proposal or Congressman Drinksalot's marketing loan program because she says both result in too much rice production and cost too much. She proposes a mandatory acreage reduction program to push the price of rice up to $14.00icwt. Secretary Vilsak asks you to calculate the total reduction in rice supply that would be required to push price to $14.00r'cwt under Senator Cityslicker's plan. a. Supply reduction required (Do NOT include a negative sign) = b. Cost of the Senator's program? = BONUS QUESTION (OPTIONAL) (2 points): In the previous questions, Calculate the acreage reduction (9%) that would be required if there is 5% slippage (Do NOT include negative Sign). The U.S. Rice Producers Association proposes a government funded advertising campaign to promote domestic rice consumption. They propose that the slogan for the rice promotion program should be \"Try the sticky little white stuff that most of the rest of the world eats because you'll like it and besides it will help rice farmers.\" (Time to hire an advertising agency to come up with a better slogan!) Anyway, the Secretary wants to know how much more rice people will have to eat to get the price of rice up to $14.00fcwt. Fill in the blank below with your answer to the Secretary. Increased consumption required {Do NOT include a positive sign) =
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