Use the Following to Answer Questions

question 12

Multiple Choice

Use the following to answer questions :
Figure: Costs and Profits for Tomato Producers
-(Figure: Costs and Profits for Tomato Producers) Use Figure: Costs and Profits for Tomato Producers.The market for tomatoes is perfectly competitive.The market price of a kilogram of tomatoes is $18.If the market price falls to $16,the farmer's marginal revenue _____ and the profit-maximizing output _____.

• A) increases;decreases
• B) increases;increases
• C) decreases;increases
• D) decreases;decreases

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Definitions:

Discharge of Fireworks

The act of igniting fireworks, which can be subject to local regulations or laws governing their use.

Calvary Assembly of God

A specific local church congregation that is part of the Assemblies of God, a global Pentecostal Christian denomination.

Reasonable Person Test

A legal standard used to determine whether an individual's behavior can be considered reasonable under particular circumstances, compared to how a typical person might act.

Defendant

An entity, firm, or person facing legal action or charges in a legal forum.