The Inverse Demand Function for Soybeans Is P = 68,000

question 66

Multiple Choice

The inverse demand function for soybeans is p = 68,000 - 5q.Total revenue in this market will be maximized when the quantity of soybeans produced is

• A)3,400 bushels.
• B)7,911 bushels.
• C)6,800 bushels.
• D)13,600 bushels.
• E)none of the above.

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Definitions:

Abdominis

Referring to abdominal muscles, especially the rectus abdominis, which is a key muscle in the front of the abdomen.

Abdomen

The part of the body that lies between the chest and the pelvis, containing most of the digestive system organs, among others.

Brachium

An anatomical term referring to the arm, specifically the upper arm from shoulder to elbow.

Sarcomere

The basic contractile unit of muscle fiber, responsible for the muscle's ability to contract and produce movement.