Question

Total Cost (TC) 12 Quantity of Soybeans (bushels) 0 26 33 42 54 69 2 104 5 7 Reference Ref 12-11 Table: Soybean Cost (Table:
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Firm maximizes profit by producing at P= MC and MC at Q= 5 is 69-54= 15.

So it produces 5 units

Profit = 15*5 - 69= 6

Answer : d. $6

Add a comment
Know the answer?
Add Answer to:
Total Cost (TC) 12 Quantity of Soybeans (bushels) 0 26 33 42 54 69 2 104...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • tab Labor Total Product MP AP 12 21 31 40 48 54 57 57 54 17...

    tab Labor Total Product MP AP 12 21 31 40 48 54 57 57 54 17 6 9 7 7.75 10 6 7 6 7.71 7.12 6.33 54 3 10 -3 63. (Figure: Determining Marginal Returns) Referring to both the table and the figure, if a tenth worker is added, this leads to: A) increasing marginal returns. C) constant marginal returns. B) diminishing marginal returns. D) negative marginal returns. 64. The assumed goal of any firm is to: A) minimize...

  • Copy the following java codes and compile //// HighArray.java //// HighArrayApp.java Study carefully the design and...

    Copy the following java codes and compile //// HighArray.java //// HighArrayApp.java Study carefully the design and implementation HighArray class and note the attributes and its methods.    Create findAll method which uses linear search algorithm to return all number of occurrences of specified element. /** * find an element from array and returns all number of occurrences of the specified element, returns 0 if the element does not exit. * * @param foundElement   Element to be found */ int findAll(int...

  • 212,482 Consolidated Balance Sheets - USD $ $ In Mill 2 Current Assets Cash and cash...

    212,482 Consolidated Balance Sheets - USD $ $ In Mill 2 Current Assets Cash and cash equivalents Martable securities Note 4) Accounts and notes receivable et of lowance of $278 for 2017 id $212 for 2016) Inventaries Note 6) Equipment on operating l o te 7) 8 Other current N ote 4 Note 12 at VE 9. Current held for sale Note 3) 10 Total currentes 11 Non-current Assets 12 Equity in news of nonconsolidated affiliates Note 8) 13 Property,...

  • can you please help me figure out the break even analysis? (last photo ) fx =ROUND(420*(2500/4200),2)...

    can you please help me figure out the break even analysis? (last photo ) fx =ROUND(420*(2500/4200),2) Total Variable Costs 2$ 4.65 Total Fixed Costs 2$ 858.44 Based on 12 dogs per day. Assume 22 eight-hour work days for kennel attendant. BOARDING Item Variable Costs Item Fixed Costs Kennel attendant 2$ 5.62 Depreciation on kennels 2$ 80.00 Bowls 0.86 Rent 386.90 Towels 0.87 Loan 250.00 Utilities and Insurance 357.14 Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green 49.40...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT