Use the Following to Answer Questions

question 205

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 fixed cost of producing 25 bushels of soybeans is:

• A) $50.
• B) $100.
• C) $150.
• D) $250.

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Definitions:

Rainfall

Precipitation in the form of water droplets that falls from clouds and is a crucial part of the water cycle sustaining ecosystems and human activities.

Hydrograph

A graph showing the change in the amount of flowing water (discharge) over time.

Steeper Slopes

Areas of land where the gradient is more inclined relative to the horizontal plane, increasing the rate of runoff.

Urbanization

Urbanization is the process by which towns and cities are formed and become larger as more people begin living and working in central areas.