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

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