Suppose a Perfectly Competitive Broccoli Farm Can Produce 35 Crates

question 132

Multiple Choice

Suppose a perfectly competitive broccoli farm can produce 35 crates at an output level where marginal revenue equals marginal cost.The price per crate of broccoli is $25 and the average total cost is $30.What is the total profit or loss that this farm is earning?

• A) $175.00
• B) -$175.00
• C) $875.00
• D) $5
• E) -$5

---

Definitions:

Loads

In engineering and physics, it refers to the forces, pressures, or stresses that are applied to a structure or component.

Attendance

The act of being present at a place or event.

Hockey Team

A group of players participating in the sport of hockey, where each member has a specific role, such as forward, defenseman, or goalie, contributing to the team's attempts to win matches.

Z-score

A statistical measure representing the number of standard deviations a data point is from the mean of a distribution.