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Suppose a Farmer Is a Price Taker in Soybeans with Cost

Question 15

Multiple Choice

Suppose a farmer is a price taker in soybeans with cost functions given by Suppose a farmer is a price taker in soybeans with cost functions given by Suppose the farmer has to purchase a license for $50,the new marginal cost function is A) still MC = .2q + 2 B) MC = .2q + 50 C) MC = .2q + 52 D) MC = 50 Suppose the farmer has to purchase a license for $50,the new marginal cost function is


A) still MC = .2q + 2
B) MC = .2q + 50
C) MC = .2q + 52
D) MC = 50

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