Multiple Choice
Use the following to answer question:
-(Figure: Revenues,Costs,and Profits for Tomato Producers) Use Figure: Revenues,Costs,and Profits for Tomato Producers.The market for tomatoes is perfectly competitive.The market price of a bushel of tomatoes is $18.At the profit-maximizing quantity of output in the figure,the farmer's total revenue is _____,total cost is _____,and economic profit is _____.
A) $90;$14;$76
B) $90;$70;$20
C) $30;$42;-$12
D) $48;$56;-$8
Correct Answer:

Verified
Correct Answer:
Verified
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