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-(Figure: Revenues,Costs,and Profits for Tomato Producers III)Use Figure: Revenues,Costs,and Profits for Tomato Producers III.The market for tomatoes is perfectly competitive.If the market price of a bushel of tomatoes is $14,in the short run the farmer's profit-maximizing output is _____ bushels.

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-(Figure: Revenues,Costs,and Profits for Tomato Producers III)Use Figure: Revenues,Costs,and Profits for Tomato Producers III.The market for tomatoes is perfectly competitive.If the market price of a bushel of tomatoes is $14,in the short run the farmer's profit-maximizing output is _____ bushels.

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In a perfectly competitive market, a profit-maximizing producer will produce up to the point where marginal cost (MC) equals the market price. Without the figure, we assume that at $14, the MC of producing the next bushel of tomatoes equals the market price at 4 bushels, making option C the correct choice.

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