(Table: Production Function for Soybeans) The table shows a production function for soybeans.Assume that the fixed input, capital, is 10 acres of land and a tractor, which have a combined cost of
$150 per day.The cost of labor is $100 per worker per day.The variable cost of producing 25 bushels of soybeans is:
A)$50
B)$100
C)$150
D)$250

Question

Quizplus · Accepted Answer

The Answer of (Table: Production Function for Soybeans) The table shows a production function for soybeans.Assume that the fixed input, capital, is 10 acres of land and a tractor, which have a combined cost of
$150 per day.The cost of labor is $100 per worker per day.The variable cost of producing 25 bushels of soybeans is:
A)$50
B)$100
C)$150
D)$250

(Table: Production Function for Soybeans) the Table Shows a Production