Solved

Use the Following to Answer Questions -(Table: Soybean Cost)Use Table: Soybean Cost

Question 176

Multiple Choice

Use the following to answer questions :  Table: Soybean Cost  Quantity  of Soybeans  (bushels)   Total Cost (TC) 0121262333424545696847104\begin{array}{l}\text { Table: Soybean Cost }\\\begin{array} { l c } \hline \begin{array} { l } \text { Quantity } \\\text { of Soybeans } \\\text { (bushels) }\end{array} & \begin{array} { c } \text { Total Cost } \\( T C ) \end{array} \\\hline 0 & 12 \\1 & 26 \\2 & 33 \\3 & 42 \\4 & 54 \\5 & 69 \\6 & 84 \\7 & 104 \\\hline\end{array}\end{array}
-(Table: Soybean Cost) Use Table: Soybean Cost.If the market price of a kilogram of soybeans is $15,how many kilograms will the farmer produce to maximize short-run profit?


A) 2
B) 5
C) 3
D) 7

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents