Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. If this farmer is producing the profit-maximizing level of output, her marginal cost is
A. $2.
B. $8.
C. $9.
D. $12.
Answer: D
You might also like to view...
In September 2008, Regions Bank has $89 million in M1 deposits, $3 million in reserves and $81 million in loans. Regions Bank's desired reserve ratio is
A) 3.4 percent. B) 3.7 percent. C) 91 percent. D) 29.67 percent.
Which of the following can be a renewable resource?
a. oil b. timber c. coal d. iron ore e. uranium
Economist Douglass North's definition of institutions:
A. is the rules of the game in a society. B. is the humanly devised constraints that shape human interactions. C. includes laws enforced by the government as well as cultural norms. D. All of these statements are true.
The Fed is dependent upon government policy, as witnessed by its actions in the early and mid-1980s
Indicate whether the statement is true or false