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 total cost of producing 70 bushels of soybeans is:
Definitions:
Conform to Contract
The act of meeting or complying with the terms and conditions outlined in a contractual agreement.
Good Faith
Acting with honesty and integrity in dealings, without intending to deceive or commit fraud.
UCC
Comprehensive legal guidelines for all commercial transactions in the United States are established by the Uniform Commercial Code.
Proper Reject
In the context of contracts or sales, a proper reject refers to the legitimate refusal to accept goods or services because they do not meet the agreed-upon specifications or standards.
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