Question 1
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow.


Refer to Figure 8.8. If this farmer produces the profit-maximizing level of soybeans when the market price is ________ per bushel, then her profit would be $0.
◦ $2
◦ $8
◦ $9
◦ $12
Question 2
Refer to the information provided in Figure 8.9 below to answer the question(s) that follow.


Refer to Figure 8.9. This farmer's profit-maximizing level of output is ________ units of output.
◦ 100
◦ 350
◦ 500
◦ 700