Right Panel: the Market: a Shift of Short-Run Supply in Response

question 8

Multiple Choice

Right Panel: The market: a shift of short-run supply in response to an increase in demand.
-Refer to the diagrams above.If the market demand for wheat and the market supply of wheat are represented by D and SRS,respectively,the total costs of the firm at the profit-maximizing output are equal to

• A) $1.10.
• B) $1.20.
• C) $11.
• D) $11,000.
• E) 10,000 bushels.

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