Use the Following to Answer Questions

question 254

Multiple Choice

Use the following to answer questions:
-(Table: Production Function for Soybeans) Look at the table Production Function for Soybeans. Assume that the fixed input, capital, is 10 acres of land and a tractor, which have a combined cost of $150 per day. The cost of labor is $100 per worker per day. The variable cost of producing 45 bushels of soybeans is:

• A) $100.
• B) $200.
• C) $350.
• D) $4,500.