rutabagas) (dollars) (dollars 12 1 10 22 2 20 28 3 30 30 4 40 31 5 50 34 60 45 7 70 59 8 80 80 The above table has the total revenue and total cost schedule for Omar, a perfectly competitive grower of rutabagas. Omar's total profit is maximized when he produces bushels of rutabagas. O A. 6 О В. 8 ОС. 3 O D. 5 O E. 7

rutabagas) (dollars) (dollars 12 1 10 22 2 20 28 3 30 30 4 40 31 5 50 34 60 45 7 70 59 8 80 80 The above table has the total revenue and total cost schedule for Omar, a perfectly competitive grower of rutabagas. Omar's total profit is maximized when he produces bushels of rutabagas. O A. 6 О В. 8 ОС. 3 O D. 5 O E. 7

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 7SCQ: If new technology in a perfectly competitive market brings about a substantial reduction in costs of...

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