Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. Figure 8.8
-Refer to Figure 8.8. If this farmer produces the profit-maximizing level of soybeans when the market price is ________ per bushel, then her profit would be $0.
A) $2
B) $8
C) $9
D) $12

Question

Refer to the information provided in Figure 8.8 below to answer the question(s) that follow.  Figure 8.8
-Refer to Figure 8.8. If this farmer produces the profit-maximizing level of soybeans when the market price is ________ per bushel, then her profit would be $0.
A) $2 
B) $8 
C) $9 
D) $12

Quizplus · Accepted Answer

At the profit-maximizing level of production, the farmer's total revenue equals total cost, resulting in zero profit. The correct price that leads to this scenario, based on the provided information, is $8 per bushel.

Refer to the Information Provided in Figure 8