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Title: A perfectly competitive wheat farmer in a constant-cost industry produces 3,000 bushels of wheat at Post by: Tidy on Jun 21, 2015 A perfectly competitive wheat farmer in a constant-cost industry produces 3,000 bushels of wheat at a total cost of $36,000. The prevailing market price is $15. What will happen to the market price of wheat in the long run?
A) The price remains constant at $15. B) The price falls to $12. C) The price rises above $15. D) There is insufficient information to answer the question. Title: Re: A perfectly competitive wheat farmer in a constant-cost industry produces 3,000 bushels of wheat Post by: Smoooth on Jul 27, 2015 Content hidden
Title: Re: A perfectly competitive wheat farmer in a constant-cost industry produces 3,000 bushels of wheat at Post by: Smoooth on Aug 31, 2015 You're welcome :-]
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