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    Intermediate Microeconomics Study Set 1
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    Exam 8: Profit Maximization and Supply
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    Suppose a Farmer Is a Price Taker (MR = P
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Suppose a Farmer Is a Price Taker (MR = P

Question 28

Question 28

Multiple Choice

Suppose a farmer is a price taker (MR = P = 10) in soybeans with cost functions given by Suppose a farmer is a price taker (MR = P = 10) in soybeans with cost functions given by   The profit maximizing level of output is A)  0 B)  30 C)  40 D)  50 The profit maximizing level of output is


A) 0
B) 30
C) 40
D) 50

Correct Answer:

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