These are the following questions. Thank you for all your help

Questions 30 through 33 are related. 30. In a Wall Street Journal article titled "A Race to Satisfy the World's Hunger for Chocolate" [which is attached], the author writes: "Due to rising demand in emerging markets, food companies and commodity traders are forecasting that global consumption of cocoa will surge by 25%, to about five million metric tons, by 2020. Industry officials and market experts say new and better cocoa plants are vital to future supplies-and to keeping chocolate an affordable luxury." Kona Haque, a commodities strategist at Macquarie Bank, agrees cocoa prices are likely to rise, but she says some forecasts calling for the doubling of prices over the long term are extreme 'Demand will grow steadily, but, with the right price, so can supply,' she said. "I'd expect cocoa prices to rise 50% in 10 years'." Assume a typical upward sloping supply curve and downward sloping demand curve. If the commentary and forecasts such as "demand will grow steadily, but , with the right price, so can supply" and "industry officials and market experts say new and better cocoa plants are vital to future supplies" are correct then: a. the demand curve is forecast to shift up/out or to the right while the supply curve shifts up/back or to the left. b. the demand curve is forecast to shift up/out or to the right while the supply curve shifts down/out or to the right. c. the demand curve is forecast to shift down/back or to the left while the supply curve shifts up/back or to the left. d. the demand curve is forecast to shift down/back or to the left while the supply curve shifts down/out or to the right. e. the demand curve will not shift while the supply curve shifts down/out or to the right. 31. The price of cocoa on March 29, 2012 when the article was written was $2,223 per ton. With the information given in question 28, and assuming the forecasts for both quantities [an increase of 25%] and prices [an increase of 50%] are for 2020 [8 years in the future, to be consistent, rather than "in 10 years"], the current and forecasted quantities and prices are: Current Price Forecast Price Current Quantity Forecast Quantity a. $2,223 $3,334.50 4.85 million tons 5 million tons b. $2,223 $2,361.94 4.85 million tons 5 million tons C. $2,223 $2,848.22 4 million tons 5 million tons $2,223 $3,334.50 4 million tons 5 million tons $2,223 $2,361.94 4 million tons 5 million tons 32. Assume the prices and quantities in Question 35 are forecast to be the result of a change in demand only. It is not an accurate assumption because of the long time span but suppose for now it is. That means a single factor linear supply curve can be estimated. The supply curve estimated from the observed and forecast prices and quantities is:5!. Assume the prices and quantities in Question 35 are forecast to he the result of a change in demand only. It is not an accurate assumption because of the long time span hut suppose for now it is. That means a single factor linear supply curve can be estimated. The supply curve estimated from the observed and forecast prices and quanties is: a. as = 4.55 million + .0001 P b. as = 2.45 million + .0011 P c- as = 0.4445 million + .0016 P d. as = 2 million + 900 P e. as = -12 million + 119? P 31 The demand for cocoa is most likely forecast to grow by 2596 over the next 10 years because: a. HIE analysts forecasting the growth in demand expect the price of cocoa to increase. b. Ell! analysts forecasting the growth in demand expect the price of cocoa to decrease. c. ELIE analysts forecasting the growth in demand expect per capita incomes to increase. 11. Ell! analysts forecasting the growth in demand expect the population to age. e. Answers I: and care oorrecL Questions 34 through 40 are related. 34. The annual harvest of feed corn occurs in October but demand is spread evenly throughout the year. Suppose monthly demand for feed corn has been estimated to be Op, = 90-3.2 P, where Q,, is the demand in month t and P, is the price in month t. Monthly storage costs, which include a profit to cover the opportunity cost of tying up funds while storing, are estimated to be $0.10 per bushel per month. The price must rise every month to compensate for storage costs. So if the price is P in October, it must be P+$0.10 in November and then P+$0.20 in December and so on through the following September. Plugging the monthly prices into the monthly demand curves and then summing the monthly demand curves determine the annual demand. The Price in October, P, will be the only variable in the Demand function. Assuming corn is not stored beyond one year [or that the quantity of corn stored beyond one year is held constant] and imports and exports are not permitted, the annual demand must equal the annual supply. If the annual supply of feed corn from the October harvest is forecast to be 900 bushels, what will be the price of feed corn when the harvest is completed in early October? a. $4.35. b. $4.28. c. $4.22. d. $4.14. e. $4.06. 35. With reference to question 34, what will be the prices in November, December, January, February, March, and April? Month Nov Dec Jar Feb March Apr a. $4.45 $4.55 $4.65 $4.75 $4.85 $4.95 b $4.38 $4.48 $4.58 $4.68 $4.78 $4.88 C $4.32 $4.42 $4.52 $4.62 $4.72 $4.82 $4.24 $4.34 $4.44 $4.54 $4.64 $4.74 e $4.16 $4.26 $4.36 $4.46 $4.56 $4.6636. With reference to question 34, what will be the prices in May, June, July, August, and September? Month May June July Aug Sept a. $5.05 $5.15 $5.25 $5.35 $5.45 b. $4.98 $5.08 $5.18 $5.28 $5.38 $4.92 $5.02 $5.12 $5.22 $5.32 d. $4.84 $4.94 $5.04 $5.14 $5.24 e. $4.76 $4.86 $4.96 $5.06 $5.16 37. With reference to the previous questions, what will be the quantity demanded for the months of October, November, December, January, February, and March? Month Oct Nov Dec Jan Feb March a. 77.01 76.69 76.37 76.05 75.73 75.41 b. 76.76 76.44 76.12 75.80 75.48 75.16 C. 76.50 76.18 75.86 75.54 75.22 74.90 d. 76.30 75.98 75.66 75.34 75.02 74.70 e 76.08 75.76 75.44 75.12 74.80 74.4835. With reference to the previous questions, what will be the quantity demanded for the months of April, May, June, July, Austen and September? mama-mun\":- clIoamsamm mmmmm rumm I:- m was mmmm I:- ma 1m mmm 3!. Assume in the futures marltet. the July corn contract is trading at $5.15 per bushel and you are a manufacturer that will need MJOO bushels of corn in July. Based on your analysis above and assuming you are "risk neutral\40. Assume in the futures market, the July corn contract is trading at $5.15 per bushel and you are a farmer that grows corn and will have corn in storage to sell in July. Based on your analysis above and assuming you are "risk neutral", to maximize profit, you would: a. Buy corn in the futures market because in July, when the contract matures, you forecast it will trade for more than $5.15. b. Sell corn in the futures market because in July, when the contract matures, it will trade for less than $5.15. c. Not trade corn in the futures market because in July, when the contract matures, you forecast there are no profit opportunities. d. Not sell corn in the futures market because in July, when the contract matures, you forecast it will trade for more than $5.15. e. Answers a. and c. are correct