Table 22-2 Use the table of expected cost and revenue data for the Tuckers Tomato Farm below to answer the following qu The Tuckers produce tomatoes in a greenhouse and sell them wholesale in a competitive price-taker mar Output Total Cost Price per Ton (dollars) 500 (tons per month) (dollars) 3 2,250 4 2,500 500 2,800 500 6. 3,050 500 7 3,450 500 8 4,000 500 9. 4,575 500 10 5,150 500 Refer to Table 22-2. If the market price rises from $500 to $570, what is the maximum profit per month the an earn at the new higher price? O a. $560 O b. $580 O c. $630 O d. $1,130

Table 22-2 Use the table of expected cost and revenue data for the Tuckers Tomato Farm below to answer the following qu The Tuckers produce tomatoes in a greenhouse and sell them wholesale in a competitive price-taker mar Output Total Cost Price per Ton (dollars) 500 (tons per month) (dollars) 3 2,250 4 2,500 500 2,800 500 6. 3,050 500 7 3,450 500 8 4,000 500 9. 4,575 500 10 5,150 500 Refer to Table 22-2. If the market price rises from $500 to $570, what is the maximum profit per month the an earn at the new higher price? O a. $560 O b. $580 O c. $630 O d. $1,130

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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