Use the Table of Expected Cost and Revenue Data for the Tuckers

question 420

Multiple Choice

Use the table of expected cost and revenue data for the Tuckers Tomato Farm below to answer the following question(s) . The Tuckers produce tomatoes in a greenhouse and sell them wholesale in a competitive price-taker market.
Table 9-1
Refer to Table 9-1. If the market price is $500, what is the maximum economic profit per month the Tuckers can earn?

• A) − $50
• B) zero
• C) $50
• D) $100

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