A farmer can sell 10 tons of corn at market price $2,000 per ton. In order to sell one more ton of corn, the farmer: Mus
Posted: Sun Jul 03, 2022 1:00 pm
A farmer can sell 10 tons of corn at market price $2,000 perton. In order to sell one more ton of corn, the farmer:
Must sell it for less than $2,000.
Cannot sell anymore because the market is in equilibrium.
Can sell it for $2,000.
Should raise its price above $2,000.
Must sell it for less than $2,000.
Cannot sell anymore because the market is in equilibrium.
Can sell it for $2,000.
Should raise its price above $2,000.