answersLogoWhite

0


Best Answer

The population of the United States consumes about six pounds of peanut for each person each year. That is about 1,800,000,000 pounds of peanut butter produced.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much peanut butter does the U.S. produce every year?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

How much did the price of a jar of peanut butter increase from 1980 to 2000?

$1.62


What is the difference between complementary goods and substitute goods?

Complementary goods are two goods that an increase in the price of Good A will cause the demand curve for Good B to shift left. In other words, less of Good B is demanded at every price because the price of Good A has increased. A decrease in the price of Good A will cause the demand curve for Good B to shift right. For example, say Good A is peanut butter and Good B is bread. If the price of peanut butter goes up, people will buy less peanut butter. Since peanut butter and bread are complementary goods, when people buy less peanut butter, they will also buy less bread because they don't need as much bread if they don't have as much peanut butter. Substitute goods are two goods that an increase in the price of Good A will cause the demand curve for Good B to shift right. In other words, more of Good B is demanded at every price because the price of Good A has increased. A decrease in the price of Good A will cause the demand curve for Good B to shift left. For example, say Good A is margarine and Good B is butter. Both are used as spread. If the price of margarine goes up, people will buy butter instead. That's why margarine and butter are substitute goods. The butter can act as a substitute for the margarine.


What are three economic questions every country must answer?

What to produce. How to produce. and How much to produce.


What are the three economic questions that every country must answer?

What to produce. How to produce. and How much to produce.


What are the three basic economic questions that every society must face?

What to produce How much to produce and for whom to produce LOL idk if thats right .... :)

Related questions