Suppose the market for apples is perfectly competitive. The short-run average total cost and marginal cost of growing apples for an individual grower are illustrated in the figure to the right. 40- 36...


Suppose the market for apples is perfectly competitive. The short-run average total cost and marginal cost of growing apples for an individual grower<br>are illustrated in the figure to the right.<br>40-<br>36<br>Assume that the market price for apples is $26.00 per box. What is the profit-maximizing quantity for apple growers to produce? 75 boxes. (Enter your<br>response as an integer.)<br>32<br>MC<br>28<br>At this level of output, profit will be S 900. (Enter your response rounded to the nearest dollar.)<br>Apple growers will earn positive economic profit in the short run at any market price above $<br>per box. (Enter your response rounded to one decimal<br>20-<br>place.)<br>ATO<br>12-<br>20 30 40 so 80 70 ao 90 100<br>Output (boxes of apples per day)<br>(xoq jəd sejop) so<br>

Extracted text: Suppose the market for apples is perfectly competitive. The short-run average total cost and marginal cost of growing apples for an individual grower are illustrated in the figure to the right. 40- 36 Assume that the market price for apples is $26.00 per box. What is the profit-maximizing quantity for apple growers to produce? 75 boxes. (Enter your response as an integer.) 32 MC 28 At this level of output, profit will be S 900. (Enter your response rounded to the nearest dollar.) Apple growers will earn positive economic profit in the short run at any market price above $ per box. (Enter your response rounded to one decimal 20- place.) ATO 12- 20 30 40 so 80 70 ao 90 100 Output (boxes of apples per day) (xoq jəd sejop) so

Jun 07, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here