Refer to the information provided in Figure 8.9 below to answer the question(s) that follow.
Figure 8.9
Refer to Figure 8.9. If this farmer produces the profit-maximizing level of hay when the market price is $18 per bale, her total cost would be
A. $1,200.
B. $2,800.
C. $5,600.
D. $6,300.
Answer: D
Economics
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