The Wheeler Wheat Farm Sells Wheat to a Grain Broker

question 285

Multiple Choice

The Wheeler Wheat Farm sells wheat to a grain broker in Seattle,Washington.Since the market for wheat is generally considered to be competitive,the Wheeler Wheat Farm maximizes its profit by choosing

• A) to produce the quantity at which average variable cost is minimized.
• B) to produce the quantity at which average fixed cost is minimized.
• C) to sell its wheat at a price where marginal cost is equal to average total cost.
• D) the quantity at which market price is equal to the farm's marginal cost of production.

---

Definitions:

Conference Board

A global, independent business membership and research association that provides economic data, analysis, and insights to help leaders navigate the challenges of the business world.

Third-Country Nationals

are individuals who are employed in a country where they are neither citizens nor permanent residents, often working for multinational companies or international organizations.

Home-Country Nationals

Employees who work for a multinational company within their own country but are involved in international operations.

Parent-Country Nationals

Employees who are citizens of the country where the parent company of their employer is situated, working abroad in the company’s foreign branches.