Suppose an avocado farm has cost C= 0.0049° + 28q + 1250, (where q is measured in bushels) and the rental cost of land is zero so the average cost curve includes only the farm's costs of labor,...

Extracted text: Suppose an avocado farm has cost C= 0.0049° + 28q + 1250, (where q is measured in bushels) and the rental cost of land is zero so the average cost curve includes only the farm's costs of labor, capital, materials, and energy-not land. This cost structure is representative of all tirms in this industry. The market price of avocados is $40 per bushel The firm's proft maximizing output is bushels of avocados. (Round your response to one decimal place)


Extracted text: In the long run, we would expect the market price of avocados to: O A. remain unchanged. O B. decrease OC. Increase OD. equal 2ero