Use the Following to Answer Questions -(Table: Soybean Cost)Use Table: Soybean Cost

question 112

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Soybean Cost }\\\begin{array} { l c } \hline \begin{array} { l } \text { Quantity } \\\text { of Soybeans } \\\text { (bushels) }\end{array} & \begin{array} { c } \text { Total Cost } \\( T C ) \end{array} \\\hline 0 & 12 \\1 & 26 \\2 & 33 \\3 & 42 \\4 & 54 \\5 & 69 \\6 & 84 \\7 & 104 \\\hline\end{array}\end{array}$$
-(Table: Soybean Cost) Use Table: Soybean Cost.If the market price of a kilogram of soybeans is $15,how many kilograms will the farmer produce to maximize short-run profit?

• A) 2
• B) 5
• C) 3
• D) 7

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Definitions:

Semiannual Coupon

A fixed income security feature that represents the payment of interest to bondholders twice a year.

Par Value

The nominal or face value assigned to a security by the issuer, which may differ from its market value.

Semiannual Coupon

A bond or other fixed-income security that pays interest to the holder every six months.

Interest Rate

The price, in terms of a percentage of the principal, that a borrower needs to pay a lender to utilize their financial resources.