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

which one is right Farmer Jones is producing wheat and must accept

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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