Use the Following to Answer Questions -(Table: Cherry Farm)Use Table: Cherry Farm

question 96

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Cherry Farm }\\\begin{array} { c c } \hline \begin{array} { l } \text { Quantity of } \\\text { cherries } \\\text { (in pounds) }\end{array} & \text { Total Cost } \\\hline 0 & \$ 2 \\1 & 7 \\2 & 11 \\3 & 13 \\4 & 16 \\5 & 21 \\6 & 28 \\7 & 38 \\\hline\end{array}\end{array}$$
-(Table: Cherry Farm) Use Table: Cherry Farm.Suppose there are 100 farms in this industry with identical cost curves,as shown in the table.If the price is $10 per kilogram:

• A) firms will enter the industry.
• B) firms will exit the industry.
• C) the industry is in long-run equilibrium.
• D) the industry has minimized average total cost.

---

Definitions:

Relaying Information

The act of passing information from one entity to another, ensuring communication and understanding.

Midbrain

A part of the brainstem that plays a crucial role in motor movement, particularly movements of the eye, and in auditory and visual processing.

Hindbrain

The posterior part of the brain that includes the cerebellum, pons, and medulla oblongata, involved in regulating basic life functions.

Forebrain

The anterior part of the brain, including the cerebral hemispheres, thalamus, and hypothalamus, responsible for cognitive, sensory, and motor functions, and emotion and memory processing.