Total demand for Canadian soybeans is: Q 1000 - 50P. Soybeans are used in Canada and also exported. Domestic demand for soybeans is: Q= 600 - 20P and domestic supply is: Q 160 + 90P. What is the Canadian farmers' revenue from producing soybeans? OA $3,500 O B. $5,250 OC $4,200

Total demand for Canadian soybeans is: Q 1000 - 50P. Soybeans are used in Canada and also exported. Domestic demand for soybeans is: Q= 600 - 20P and domestic supply is: Q 160 + 90P. What is the Canadian farmers' revenue from producing soybeans? OA $3,500 O B. $5,250 OC $4,200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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