a little less than a dollar per lb.
This figure will vary from year to year, of course, but in 2011, the average price was $8.10 per hundredweight (cwt) on average yield of 404 cwt per acre, bringing about $3,270 dollars per acre before expenses to the farmer.
Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes, she can raise 200 pounds of potatoes per year. If she devotes all her resources to raising chickens, she can raise 50 chickens per year. (If she apportions some resources to each, then she can produce any linear combination of chickens and potatoes that lies between those extreme points. If James devotes all his resources to growing potatoes, he can raise 80 pounds of potatoes per year. If he devotes all his resources to raising chickens, he can raise 40 chickens per year. (If he apportions some resources to each, then he can produce any linear combination of chickens and potatoes that lies between those extreme points.) What is Michelle's opportunity cost of producing potatoes?
Potatoes
A price fluctuation is a change in the price market.
Real price is in a mud nominal price is in your FACE
[object Object]
Potatoes
that depends on the price of potatoes per pound
1000000000000$
The price of potatoes will go up. Anything in short supply gets more expensive. Anything in abundant supply gets cheaper. That is basic economics - "supply and demand".
$243 adjusted to inflation
Nipples. Because nipples.
Cross elasticity of supply is defined as the responsiveness of the supply of good A to a change in the price of good B. Using an example of a farmer who grows both potatoes and carrots the cross elasticity of supply of carrots against potatoes is how much supply of carrots will change if the price of potatoes changes. Many may see carrots and potatoes as being substitutes for each other and therefore it would be a safe assumption that as the price of potatoes increases, the supply of carrots falls. This is because the farmer now uses more land to produce potatoes and less to produce carrots.
It all depends on where you get the potatoes from. The price will always vary.
Potatoes and yellOw fish ☻
As of June 2014, the average price for one pound of white potatoes was $1.60 per pound. This was a sharp increase from the price of $0.704 per pound in July of 2013.
It would cost $3.50 now and 29 cents in 1933.