Multiple Choice
Use the following to answer question:
Figure: Revenues, Costs, and Profits for Tomato Producers II
-(Figure: Revenues, Costs, and Profits for Tomato Producers II) Look at the 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 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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