Multiple Choice
Use the following to answer question:
-(Figure: Revenues,Costs,and Profits for Tomato Producers II) Use Figure: Revenues,Costs,and Profits for Tomato Producers II.The market for tomatoes is perfectly competitive.The market price of a bushel of tomatoes is $10.At the farmer's profit-maximizing output,total revenue is _____,total cost is _____,and economic profit is _____.
A) $90;$72;$18
B) $56;$56;$0
C) $30;$48;-$18
D) $48;$56;-$8
Correct Answer:

Verified
Correct Answer:
Verified
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