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Farmer Anna Is Producing Tomatoes in a Perfectly Competitive Market

Question 41

Multiple Choice

Farmer Anna is producing tomatoes in a perfectly competitive market.In Year 1 she sells 4000 bushels of tomatoes at a price of $12.00 each.In Year 2 she sells 4800 bushels at $13.00 each.In Year 2,her average revenue is ________ and her marginal revenue is ________.


A) $13.00; $1.00
B) $12.50; $12.50
C) $13.00; $13.00
D) $12.00; $12.00
E) $12.00; $1.00

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