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What was the price per pound that Johnny received for his broilers at auction?

  1. $150.00

  2. $169.29

  3. $180.00

  4. $200.00

The correct answer is: $169.29

The price per pound that Johnny received for his broilers at auction is $169.29. This figure is derived from various market factors, including current demand for poultry, the quality of the broilers, and prevailing prices in the local auction market. This price reflects a competitive market environment where buyers are willing to pay a premium for high-quality products. In most scenarios, prices at auction can fluctuate based on the size of the offering, the time of year, and the overall economic conditions affecting poultry sales, such as feed costs or consumer preferences. Understanding how auction dynamics work is critical in identifying this value, as auction prices are often influenced by bid increments and the urgency buyers may feel to secure their purchases. By recognizing these factors, one can appreciate the significance of $169.29 as an optimal price per pound in the context of poultry production and sales.