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Figure 8.4.2 -Refer to Figure 8.4.2 Above. If the Farm Produces 14

Question 70

Multiple Choice

Figure 8.4.2 -Refer to Figure 8.4.2 above. If the farm produces 14 sacks of coffee when market price is $380, A) the farmer does not earn any profit. B) the farmer has maximized his profit. C) the farmer has lost an opportunity for additional profit. D) the farmer should reduce the number of sacks produced in order to increase his profit. Figure 8.4.2
-Refer to Figure 8.4.2 above. If the farm produces 14 sacks of coffee when market price is $380,


A) the farmer does not earn any profit.
B) the farmer has maximized his profit.
C) the farmer has lost an opportunity for additional profit.
D) the farmer should reduce the number of sacks produced in order to increase his profit.

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