Solved

Use the Following to Answer Question 126

Question 136

Multiple Choice

Use the following to answer question 126:
Figure: Revenues,Costs,and Profits for Tomato Producers II Use the following to answer question 126: Figure: Revenues,Costs,and Profits for Tomato Producers II   -(Figure: Revenues,Costs,and Profits for Tomato Producers II) Use Figure: Revenues,Costs,and Profits for Tomato Producers II.The market for tomatoes is perfectly competitive.The market price of a kilogram of tomatoes is $10.At the profit-maximizing output in the figure,the farmer's total revenue is _____,total cost is _____,and economic profit is _____. A)  $90;$72;$18 B)  $56;$56;$0 C)  $30;$48;-$18 D)  $48;$56;-$8
-(Figure: Revenues,Costs,and Profits for Tomato Producers II) Use Figure: Revenues,Costs,and Profits for Tomato Producers II.The market for tomatoes is perfectly competitive.The market price of a kilogram of tomatoes is $10.At the profit-maximizing output in the figure,the farmer's total revenue is _____,total cost is _____,and economic profit is _____.


A) $90;$72;$18
B) $56;$56;$0
C) $30;$48;-$18
D) $48;$56;-$8

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents