Question: which one is right Farmer Jones is producing wheat and must accept the market price of $6.00 per bushel. At this time, her average total
which one is right

Farmer Jones is producing wheat and must accept the market price of $6.00 per bushel. At this time, her average total costs and her marginal costs both equal $5.00 per bushel. Her minimum average variable costs are $3.50 per bushel. In order to maximize profits or minimize losses in the short run, farmer Jones should Multiple Choice 0 produce Zero output and shut down. continue producing, but reduce output increase sellin g p rice. 0 0 increase output. 0
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