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Question 163

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Use the following to answer questions: Use the following to answer questions: -(Table: Lilly's Apple Orchard) Look at the table Lilly's Apple Orchard. Lilly is the price-taking owner of an apple orchard. Her orchard has fixed costs of $30. If the price of a bushel of apples is $35, her economic profit will be: A) -$30 B) -$5 C) $0 D) $5
-(Table: Lilly's Apple Orchard) Look at the table Lilly's Apple Orchard. Lilly is the price-taking owner of an apple orchard. Her orchard has fixed costs of $30. If the price of a bushel of apples is $35, her economic profit will be:


A) -$30
B) -$5
C) $0
D) $5

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