he Wheeler Wheat Farm sells wheat to a grain broker in Seattle, Washington. Since the market for wheat is generally considered to be competitive, the Wheeler Wheat Farm maximizes its profit by choosing which one of the following?
a. To sell its wheat at a price where marginal cost is equal to average total cost.
b. To produce the quantity at which average variable cost is minimized.
c. The quantity at which market price is equal to the farm’s marginal cost of production.
d. To produce the quantity at which average fixed cost is minimized.