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The following table presents the expected cost and revenue data for the Tucker Tomato Farm. The Tuckers produce tomatoes in greenhouse and sell them wholesale in a price taker market. Complete the table by calculating the firm's marginal cost, average variable cost, average total cost, and profit schedules. Round your answers to the nearest whole dollar figure. For example, round $316.66 to $317, or $321.42 to $321. Total Output Cost (tons) 0 123 ($ Per Ton) $500 $600 $650 $750 Marginal Cost AAAA $ Average Variable Cost Average Total Cost Profit at $250 per ton -$500 En $ Profit at $200 per ton -$500 Profit at $150 per ton -$500 $ $

The following table presents the expected cost and revenue data for the Tucker Tomato Farm. The Tuckers produce tomatoes in greenhouse and sell them wholesale in a price taker market. Complete the table by calculating the firm's marginal cost, average variable cost, average total cost, and profit schedules. Round your answers to the nearest whole dollar figure. For example, round $316.66 to $317, or $321.42 to $321. Total Output Cost (tons) 0 123 ($ Per Ton) $500 $600 $650 $750 Marginal Cost AAAA $ Average Variable Cost Average Total Cost Profit at $250 per ton -$500 En $ Profit at $200 per ton -$500 Profit at $150 per ton -$500 $ $

Microeconomics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter9: Price Takers And The Competitive Process
Section: Chapter Questions
Problem 15CQ
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The following table presents the expected cost and revenue data for the Tucker Tomato Farm. The Tuckers produce tomatoes in a greenhouse and sell them wholesale in a price taker market. Complete the table by calculating the firm's marginal cost, average variable cost, average total cost, and profit schedules. Round your answers to the nearest whole dollar figure. For example, round $316.66 to $317, or $321.42 to $321. Output (tons) 0 1 2 3 4 5 6 7 00 8 9 10 Total Cost ($ Per Ton) $500 $600 $650 $750 $900 $1,100 $1,350 $1,750 $2,300 $3,000 $3,900 Marginal Cost $ $ $ $ $ $ $ Average Variable Cost $ |$ Average Total Cost $ $ $ $ $ $ $ $ Profit at $250 per ton -$500 $ $ ԱՊԱ Դ || $ $ Profit at $200 per ton -$500 $ $ $ $ $ $ $ Profit at $150 per ton -$500 $ $ $ $ $ $ $ $
Transcribed Image Text:The following table presents the expected cost and revenue data for the Tucker Tomato Farm. The Tuckers produce tomatoes in a greenhouse and sell them wholesale in a price taker market. Complete the table by calculating the firm's marginal cost, average variable cost, average total cost, and profit schedules. Round your answers to the nearest whole dollar figure. For example, round $316.66 to $317, or $321.42 to $321. Output (tons) 0 1 2 3 4 5 6 7 00 8 9 10 Total Cost ($ Per Ton) $500 $600 $650 $750 $900 $1,100 $1,350 $1,750 $2,300 $3,000 $3,900 Marginal Cost $ $ $ $ $ $ $ Average Variable Cost $ |$ Average Total Cost $ $ $ $ $ $ $ $ Profit at $250 per ton -$500 $ $ ԱՊԱ Դ || $ $ Profit at $200 per ton -$500 $ $ $ $ $ $ $ Profit at $150 per ton -$500 $ $ $ $ $ $ $ $
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