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Use the Following to Answer Question 205  Table: Lilly’s Apple Orchard \text { Table: Lilly's Apple Orchard }

Question 219

Multiple Choice

Use the following to answer question 205:  Table: Lilly’s Apple Orchard \text { Table: Lilly's Apple Orchard }
 Quantity  of Apples  (bushels)  VC0$014027038041305190626073408430\begin{array}{lr}\hline \begin{array}{l}\text { Quantity } \\\text { of Apples } \\\text { (bushels) }\end{array} &{\boldsymbol{VC}} \\\hline 0 & \$ 0 \\1 & 40 \\2 & 70 \\3 & 80 \\4 & 130 \\5 & 190 \\6 & 260 \\7 & 340 \\8 & 430 \\\hline\end{array}

-(Table: Lilly's Apple Orchard) Use 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 kilogram of apples is $85,we would expect the total industry output to _____ and Lilly's output to _____ in the long run.


A) rise;rise
B) fall;fall
C) fall;rise
D) rise;fall

Correct Answer:

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