Suppose that a wheat farm has total fixed costs (TFC) equal to $20, and the price of seed wheat (Py) is equal to $14/bu. Use a chart to find the profit-maximizing level of seed wheat for the farm to produce.
$\begin{array}{ll}
\underline {\mathrm{Y}=\text { seed wheat (bu) } }& \underline {\text { TVC }(\$) }\
0 & 0 \
1 & 10 \
2 & 16 \
3 & 18 \
4 & 22 \
5 & 36 \
6 & 60
\end{array}$

Question

Suppose that a wheat farm has total fixed costs (TFC) equal to $20, and the price of seed wheat (Py) is equal to $14/bu. Use a chart to find the profit-maximizing level of seed wheat for the farm to produce.
 $\begin{array}{ll}
 \underline {\mathrm{Y}=\text { seed wheat (bu) } }&  \underline {\text { TVC }(\$) }\
0 & 0 \
1 & 10 \
2 & 16 \
3 & 18 \
4 & 22 \
5 & 36 \
6 & 60
\end{array}$

Quizplus · Accepted Answer

The Answer of Suppose that a wheat farm has total fixed costs (TFC) equal to $20, and the price of seed wheat (Py) is equal to $14/bu. Use a chart to find the profit-maximizing level of seed wheat for the farm to produce.
 $\begin{array}{ll}
 \underline {\mathrm{Y}=\text { seed wheat (bu) } }&  \underline {\text { TVC }(\$) }\
0 & 0 \
1 & 10 \
2 & 16 \
3 & 18 \
4 & 22 \
5 & 36 \
6 & 60
\end{array}$

Suppose That a Wheat Farm Has Total Fixed Costs (TFC)