Question 1
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow.
Refer to Figure 9.1. If this farmer is maximizing profit, his profit (or loss) is
◦ -$24.
◦ $48.
◦ $72.
◦ $156.
Question 2
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow.
Refer to Figure 9.1. This farmer would be breaking even if price was
◦ $7.
◦ $9.
◦ $10.
◦ $11.