(Table: Lilly's Apple Orchard) Look at the Table Lilly's Apple

question 246

Essay

(Table: Lilly's Apple Orchard) Look at the table Lilly's Apple Orchard.Lilly is the price-taking owner of an apple orchard; its variable costs are given in the table.Her orchard has fixed costs of $30.If the price of a bushel of apples is $35, her economic profit will be equal to:
A.-$30
B.-$5
C.D$0
D.$5

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