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Use the following to answer question: Use the following to answer question:   -(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 $8,in the short run the farmer's profit-maximizing output is _____ bushels. A) 0 B) 1 C) 2.5 D) 3
-(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 $8,in the short run the farmer's profit-maximizing output is _____ bushels.


A) 0
B) 1
C) 2.5
D) 3

Correct Answer:

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