Use the Following to Answer Questions $\text { Table: Lilly's Apple Orchard }$

question 187

Multiple Choice

Use the following to answer questions : $\text { Table: Lilly's Apple Orchard }$
$\begin{array}{lr}\hline \begin{array}{l}\text { Quantity } \\\text { of Apples } \\\text { (bushels) }\end{array} &{\boldsymbol{VC}} \\\hline 0 & \$ 0 \\1 & 40 \\2 & 70 \\3 & 80 \\4 & 130 \\5 & 190 \\6 & 260 \\7 & 340 \\8 & 430 \\\hline\end{array}$



-(Table: Lilly's Apple Orchard) Use Table: Lilly's Apple Orchard.Lilly is the price-taking owner of an apple orchard.Her orchard has fixed costs of $30.If the price of a kilogram of apples is $35,at the profit-maximizing point,her economic profit will be:

• A) -$30.
• B) -$5.
• C) $0.
• D) $5.

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Definitions:

Production Time

The total time required to manufacture a product, including all processing, labor, and machine time.

Make-To-Order

A manufacturing strategy where production starts only after an order is received, tailoring products to specific customer demand.

Finishing Department

The final stage in a manufacturing process where products undergo final touches, treatments, or packaging before being ready for sale.

Net Profit

The financial gain or loss a business makes after subtracting all expenses, taxes, and costs from total revenue.