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Yanka [14]
3 years ago
11

Farmer McDonald sells wheat to a broker in Kansas City, Missouri. Because the market for wheat is generally considered to be com

petitive, Mr. McDonald maximizes his profit by choosing A. to produce the quantity at which average fixed cost is minimized. B. the quantity at which market price exceeds Mr. McDonald's marginal cost of production by the greatest amount. C. the quantity at which market price is equal to Mr. McDonald's marginal cost of production. D. to produce the quantity at which average variable cost is minimized.
Social Studies
1 answer:
Stolb23 [73]3 years ago
3 0

Answer:C. the quantity at which market price is equal to Mr. McDonald's marginal cost of production.

Explanation: In a perfectly competitive market, the firm's demand curve is the firm's marginal revenue curve. The firm maximizes profits by producing where MR (marginal revenue) = MC(marginal cost).

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Explanation:

Let me know if it helps

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Rather than a sense of inferiority, eight-year-old Zeke has developed a sense of mastery in all his academic endeavors. Erikson
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industry is the answer

Rather than a sense of inferiority, eight-year-old Zeke has developed a sense of mastery in all his academic endeavors. Erikson would say that Zeke has a strong sense of industry.

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The industry is a group of companies that are related by their major business activities. There are dozens of industrial classifications in the modern economy. Industry classifications are usually divided into larger categories called sectors.

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8 0
2 years ago
Four marlex street ells make a universal swing join, with or without a nipple?
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Answer: True

Explanation:

7 0
3 years ago
What is another name for Neolithic age?
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The another name for Neolithic period is New Age , hopefully my answer was helpful?
8 0
4 years ago
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Answer:

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3 years ago
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