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Use the following to answer questions:
-(Table: Cherry Farm) Look at the table Cherry Farm. If Hank and Helen have one of 100 identical farms in the perfectly competitive cherry industry, explain how Hank and Helen and the industry will react in the short run and the long run to a price of $3.75 per pound for cherries.
Environmental Protection Agency
A U.S. federal agency responsible for the protection of human health and the environment by writing and enforcing regulations based on laws passed by Congress.
Median Mileage
The middle value in a sorted list of recorded mileages, typically used as a measure of central tendency to indicate the typical mileage.
Malaria Cases
Instances of illness caused by parasites that are transmitted to people through the bites of infected female Anopheles mosquitoes.
West Africa
A geographic region in Africa that includes countries on the western part of the continent, bordering the Atlantic Ocean.
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