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Figure: Revenues, Costs, and Profits II for Tomato Producers

Question 139

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Figure: Revenues, Costs, and Profits II for Tomato Producers
(Figure: Revenues, Costs, and Profits II for Tomato Producers) Look at the figure Revenues, Costs, and Profits II for Tomato Producers.The market for tomatoes is perfectly competitive, and an individual tomato farmer faces the cost curves shown in the figure.The market price of a bushel of tomatoes is $10.At the farmer's profit-maximizing output, total revenue is
________, total cost is ________, and profit is _.
A.$90; $72; $18
B.$56; $56; $0
C.$30; $48; -$18
D.$48; $56; -$8

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