Use the Following to Answer Question

question 271

Multiple Choice

Use the following to answer question:
-(Figure: Revenues,Costs,and Profits for Tomato Producers III) Use Figure: Revenues,Costs,and Profits for Tomato Producers III.The market for tomatoes is perfectly competitive.The farm's short-run supply curve is the _____ cost curve above a price of _____.

• A)average total;$14
• B)average variable;$10
• C)marginal;$10
• D)marginal;$14

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuer, which has little relation to its market price.

Issued

The act of officially distributing or making something available, such as a public statement, document, currency, or security.

MBCA

Model Business Corporation Act, a template for state corporation statutes that provides legal guidelines for corporate governance and operations.

Articles of Incorporation

Legal documents filed with the state government to legally establish a corporation.