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Price of a bushel of apples

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Reference no: EM131287373

Table: Lilly's Apple Orchard) Look at the table Lilly's Apple Orchard. Lilly is the price-taking owner of an apple orchard; its variable costs are given in the table. Her orchard has fixed costs of $30. If the price of a bushel of apples is $35, her economic profit will be equal to:

  • -$30
  • -$5
  • $0
  • $5

Reference no: EM131287373

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