Use the Following to Answer Questions

question 265

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 25 bushels of soybeans is:

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

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