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If this farmer is maximizing profit, then total profit is approximately

If this farmer is maximizing profit, then total profit is approximately

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter11: Marketing And Distribution
Section: Chapter Questions
Problem 20AA
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Question 36 (1 point) Price per bushel $A 53197 4+ 0 Cost and demand conditions MC ATC AVC $48. $180. $132. $72. TX-1 3 VIT 1 6 9 12 16 17 Bushels of wheat d=MR q If this farmer is maximizing profit, then total profit is approximately
Transcribed Image Text:Question 36 (1 point) Price per bushel $A 53197 4+ 0 Cost and demand conditions MC ATC AVC $48. $180. $132. $72. TX-1 3 VIT 1 6 9 12 16 17 Bushels of wheat d=MR q If this farmer is maximizing profit, then total profit is approximately
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