With corn prices falling, the price of chicken wings is falling, and thats good news for wings

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With corn prices falling, the price of chicken wings is falling, and that’s good news for wings restaurants.

Explain how a fall in the price of corn (the main chicken feed) changes the marginal cost of producing wings and changes a farm’s economic profit. What’s the good news for restaurants?

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Foundations Of Microeconomics

ISBN: 9780133477108

7th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Feb 15, 2024 08:01 AM

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With corn prices falling, the price of chicken wings is falling, and thats good news for wings

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A fall in the price of corn decreases the farms marginal cost of producing ...View the full answer

Foundations Of Microeconomics

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