Question
A farmer can sell 10 tons of corn at a market price of $2,000 per ton. In order to sell one more ton of corn,
A farmer can sell 10 tons of corn at a market price of $2,000 per ton. In order to sell one more ton of corn, the farmer:
| A. | Must sell it for less than $2,000. | |
| B. | Cannot sell anymore because the market is in equilibrium. | |
| C. | Can sell it for $2,000. | |
| D. | Should raise its price above $2,000. |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
