The inverse demand function for soybeans is p = 30,000 – 6q. what is the quantity of soybeans produced that will maximize the total revenue in this market? a. 3,611 bushels. b. 5,000 bushels. 1,250 bushels. d. 2,500 bushels. none of the above. cC. e.

The inverse demand function for soybeans is p = 30,000 – 6q. what is the quantity of soybeans produced that will maximize the total revenue in this market? a. 3,611 bushels. b. 5,000 bushels. 1,250 bushels. d. 2,500 bushels. none of the above. cC. e.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 12P

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