(Table: Lilly's Apple Orchard) Look at the table Lilly's Apple Orchard.Lilly is the price-taking owner of an apple orchard; the orchard's variable costs are given in the table.Her orchard has fixed costs of $30.If the price of a bushel of apples is $85, we would expect:
A.total industry output to rise and Lilly's output to rise in the long run.
B.total industry output to fall and Lilly's output to fall in the long run.
C.total industry output to fall and Lilly's output to rise in the long run.
D.total industry output to rise and Lilly's output to fall in the long run.

Question

(Table: Lilly's Apple Orchard) Look at the table Lilly's Apple Orchard.Lilly is the price-taking owner of an apple orchard; the orchard's variable costs are given in the table.Her orchard has fixed costs of $30.If the price of a bushel of apples is $85, we would expect: 
A.total industry output to rise and Lilly's output to rise in the long run.
B.total industry output to fall and Lilly's output to fall in the long run.
C.total industry output to fall and Lilly's output to rise in the long run.
D.total industry output to rise and Lilly's output to fall in the long run.

Quizplus · Accepted Answer

The Answer of   (Table: Lilly's Apple Orchard) Look at the table Lilly's Apple Orchard.Lilly is the price-taking owner of an apple orchard; the orchard's variable costs are given in the table.Her orchard has fixed costs of $30.If the price of a bushel of apples is $85, we would expect: 
A.total industry output to rise and Lilly's output to rise in the long run.
B.total industry output to fall and Lilly's output to fall in the long run.
C.total industry output to fall and Lilly's output to rise in the long run.
D.total industry output to rise and Lilly's output to fall in the long run.

(Table: Lilly's Apple Orchard) Look at the Table Lilly's Apple