What price will farmer Brown charge when maximizing profit? Farmer Brown will charge a price of $ What is farmer Brown's profit-maximizing level of output? per box of peaches. (Enter your respons boxes of peaches (Fnter vnia
What price will farmer Brown charge when maximizing profit? Farmer Brown will charge a price of $ What is farmer Brown's profit-maximizing level of output? per box of peaches. (Enter your respons boxes of peaches (Fnter vnia
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:$40 per box. Farmer Brown's marginal cost of production is illustrated in the table.
Boxes of
Peaches
Market Price
(per box)
0
123456
$40
40
40
40
40
40
40
Marginal
Cost (MC)
12.00
6.00
18.00
36.00
72.00
108.00
What price will farmer Brown charge when maximizing profit?
Farmer Brown will charge a price of $
What is farmer Brown's profit-maximizing level of output?
Farmer Brown maximizes profit when producing boxes of naachas (Enter your response as an intenar)
C3
per box of peaches. (Enter your response as an integer.)
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