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Author Question: Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. Refer ... (Read 11 times)

asmith134

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 






 

Refer to Figure 8.9. If the market price of hay ________, then to maximize profits this farmer should produce 350 bales of hay.


◦ falls to $20
◦ falls to $18
◦ falls to $4
◦ stays at $24

Question 2

Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 






 

Refer to Figure 8.9. If this farmer produces the profit-maximizing level of hay when the market price is $18 per bale, her total cost would be


◦ $1,200.
◦ $2,800.
◦ $5,600.
◦ $6,300.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by asmith134 on Apr 19, 2019

Jsherida

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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asmith134

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Reply #2 on: Apr 19, 2019
Thanks


Jsherida

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Reply #3 on: Apr 19, 2019
Welcome :)


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