Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Row - crop farmers throughout the South are taking a liking to catfish. Rising prices for catfish, combined with falling feed prices, have made the
Rowcrop farmers throughout the South are taking a liking to catfish. Rising prices for catfish, combined with falling feed prices, have made the lure of catfish farming irresistible. Crop farmers are building ponds, buying aeration equipment, and breeding catfish in record numbers. Production has doubled in the last yearsto million pounds this yearand looks to keep increasing as farmers shift from row crops to catfish.Steve Hollingsworth, a Greensboro, Alabama, farmer, now has ponds, each holding about fish. He spends $ a week on feed for the million fish in his ponds. But he says the business is good; he takes in about $ a week in sales. Crop farmers in Alabama, Mississippi, Arkansas, and Louisiana are taking the bait.Source: Media reports, According to Front Page Economics The Lure of Catfish, How many fish did farmer Hollingsworth have in inventory? If each of his fish weighed pounds, what percent of the market did he have?
Rowcrop farmers throughout the South are taking a liking to catfish. Rising prices for catfish, combined with falling feed prices, have made the lure of catfish farming irresistible. Crop farmers are building ponds, buying aeration equipment, and breeding catfish in record numbers. Production has doubled in the last yearsto million pounds this yearand looks to keep increasing as farmers shift from row crops to catfish.Steve Hollingsworth, a Greensboro, Alabama, farmer, now has ponds, each holding about fish. He spends $ a week on feed for the million fish in his ponds. But he says the business is good; he takes in about $ a week in sales. Crop farmers in Alabama, Mississippi, Arkansas, and Louisiana are taking the bait.Source: Media reports, According to Front Page Economics The Lure of Catfish,
How many fish did farmer Hollingsworth have in inventory?
If each of his fish weighed pounds, what percent of the market did he have?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started