(Table: Soybean Cost) Look at the Table Soybean Cost

question 204

Essay

(Table: Soybean Cost) Look at the table Soybean Cost.The costs of production of a perfectly competitive soybean farmer are given in the table.If the market price of a bushel of soybeans is $15, what will be the farmer's short-run maximum profit?
A.$75
B.$69
C.$6
D.$5

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