'9 Do Homework 7 ASSESS Chapter 11 Chapter Problems 7 Google Chrome i mylabpearsonLom' 7 i 7 7 Econ 100 Online Fall 2022 Alyssa Larson 10/26/22 5:29 PM Homework: ASSESS Chapter 11 Chapter HW Score: 8.77%, 1.67 of 19 points Problems 0 Points: 0 of1 Question 9, Additional Problem 10 . . Grain, soybean prices fall Questlon \"St '6 Grain and soybean prices tumbled on news that production would be greater than previously expected as many farmers switched to growing grain and soybean. Source: The Wall Street Journal, November 10, 2015 Question 3 A . . k) The left graph shows the soybean market and the right graph shows the soybean farmer's cost and revenue curves at the start of 2015. Draw the farmer's economic profit and label it PS- If at the end of 2015, the market price is $40 a basket, show the change in the soybean market and mark the new market equilibrium. Question 6 Draw and label the farmer's new marginal revenue curve and show his new economic profit or loss. Label it P or L , E E 0 Question 7 _ Price (dollars per basket) Q Price and cost (dollars per basket) Q 80 S 80 . Q 4 Q 0 Question 8 70 7 60-~--~-~ --~ ..- _ '3 eo 7MRf D\" t . - _ TC v 0 Question 9 50 : 50 x / /' O Question 10 Animation Etext pages Get more help A . A 5:29 PM ,0 Type here to search , - 7 ' 10/26/2022 E1 Do Homework - ASSESS Chapter 11 Chapter Problems - Google Chrome X mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=635833742&questionld=1&flushed=true&cld=7154738¢erwin=yes Econ 100 Online Fall 2022 Alyssa Larson 10/26/22 5:29 PM E Homework: ASSESS Chapter 11 Chapter Question 9, Additional Problem 10 HW Score: 8.77%, 1.67 of 19 points Problems Points: 0 of 1 Save Grain, soybean prices fall Question list K U Question 5 Price (dollars per basket) Price and cost (dollars per basket) 80- S MC Question 6 70 60- MRO O Question 7 50- ATC 40 40- O Question 8 30- 30- D 15 20- 20- 2 5 10 15 20 25 30 35 40 Question 9 Quantity (millions of baskets per year) Quantity (thousands of baskets per year) O Question 10 OneDrive X Screenshot saved The screenshot was added to your Animation Etext pages Get more help - OneDrive. Type here to search W 5:29 PM 99+ Suns... cls 10/26/2022