The Inverse Demand Function for Soybeans Is P = 30,000

question 34

Multiple Choice

The inverse demand function for soybeans is p = 30,000 - 6q.Total revenue in this market will be maximized when the quantity of soybeans produced is

• A)3,611 bushels.
• B)5,000 bushels.
• C)1,250 bushels.
• D)2,500 bushels.
• E)none of the above.

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Definitions:

Cortex

The outer layer of the cerebrum in the brain, involved in higher brain functions such as thought and action.

Pineal Body

A small endocrine gland in the brain that produces melatonin, a hormone that regulates sleep patterns.

Puberty

The developmental stage during which children mature sexually and physical changes occur, preparing the body for reproductive capability.

Cerebrospinal Fluid

A clear, colorless body fluid found in the brain and spinal cord, which protects and cushions these structures.