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Author Question: The Optimal Output RuleSunny sells soybeans in a perfectly competitive market. Her output per day ... (Read 143 times)

haydenjmcm

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on: Nov 23, 2022
The Optimal Output Rule

Sunny sells soybeans in a perfectly competitive market. Her output per day (in bushels of soybeans) and her total cost is displayed in the table.

Output per dayTotal Cost
0$6​
1$29​
2$48​
3$69​
4$105​
5$149​
Assume that the market price is $44 for a bushel of soybeans. What are Sunny's fixed costs? How many bushels of soybeans will she produce? What are her average variable costs? Average fixed costs?
Please round your final answer to two decimal places.
◦ $6, 5, $28.60, $1.20
◦ $23, 5, $28.60, $4.60
◦ $23, 2, $21.00, $11.50
◦ $6, 2, $21.00, $3.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by haydenjmcm on Nov 23, 2022

ALuthy

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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haydenjmcm

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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