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Cost and demand conditions MC ATC AVC d = MR Price per bushel 3 6 9 12 16 17 q Bushels of wheat Refer to

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Cost and demand conditions MC ATC AVC d = MR Price per bushel 3 6 9 12 16 17 q Bushels of wheat Refer to Figure 2. If this farmer is maximizing profit, his operating profit (or loss) is (hint: operating profit: TR-VC) Select one: O a. -$24 O b. $48 O c. $72 O d. $156

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