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Question 170

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Use the following to answer question: Use the following to answer question:   -(Table: Lilly's Apple Orchard) Use Table: Lilly's Apple Orchard.Lilly is the price-taking owner of an apple orchard.Her orchard has fixed costs of $30.If the price of a bushel of apples is $35,at the profit maximizing point,her economic profit will be: A) -$30. B) -$5. C) $0. D) $5.
-(Table: Lilly's Apple Orchard) Use Table: Lilly's Apple Orchard.Lilly is the price-taking owner of an apple orchard.Her orchard has fixed costs of $30.If the price of a bushel of apples is $35,at the profit maximizing point,her economic profit will be:


A) -$30.
B) -$5.
C) $0.
D) $5.

Correct Answer:

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