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    Microeconomics Study Set 40
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    Exam 12: Perfect Competition and the Supply Curve
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    (Table: Soybean Cost) Look at the Table Soybean Cost
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(Table: Soybean Cost) Look at the Table Soybean Cost

Question 30

Question 30

Essay

(Table: Soybean Cost) Look at the table Soybean Cost.The costs of production of a perfectly competitive soybean farmer are given in the table.What is the shut-down price for this firm?
A.$10
B.$11
C.$12
D.$13

Correct Answer:

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