Multiple Choice
Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 
Figure 8.9
-Refer to Figure 8.9. If the market price of hay falls to $18, then to maximize profits this farmer should produce
A) 350 bales of hay.
B) 500 bales of hay.
C) 750 bales of hay.
D) a level of output that is indeterminate from this information.
Correct Answer:
Verified
Correct Answer:
Verified
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