Refer to Figure 8.9. At the market price of $18, if this farmer produces the profit maximizing quantity, what profit will he make?
A) $0
B) $2,000
C) $700
D) indeterminant from this information
A) $0
Economics
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The U.S. imposed high tariffs in the early nineteenth century in retaliation for British tariffs imposed on American goods
Indicate whether the statement is true or false
Economics
Chickens are not endangered because
A) there are clear property rights to them. B) government regulates chicken processors. C) there are positive externalities. D) they are free and not owned by anyone.
Economics