Question 1
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 earn a zero economic profit if price was
◦ $7.
◦ $9.
◦ $10.
◦ $11.
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's shutdown point is at a price of
◦ $0.
◦ $4.
◦ $7.
◦ $10.