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Title: Farmer Jones knows that the marginal cost to produce a bushel of tomatoes is $5 Post by: Lauren1 on Nov 11, 2014 Farmer Jones knows that the marginal cost to produce a bushel of tomatoes is $5 per bushel. He also knows that a consumer is willing to pay a maximum of $9 for the bushel. The price of the bushel is $6 and Farmer Jones sells his bushel for $6. On this bushel, Farmer Jones earns a producer surplus equal to
A) $1. B) $3. C) $5. D) $6. Title: Re: Farmer Jones knows that the marginal cost to produce a bushel of tomatoes is $5 Post by: MrDereche on Nov 14, 2014 Content hidden
Title: Re: Farmer Jones knows that the marginal cost to produce a bushel of tomatoes is $5 Post by: Lauren1 on Nov 17, 2014 Thank you, this really, really helps :heart:
Title: Re: Farmer Jones knows that the marginal cost to produce a bushel of tomatoes is $5 Post by: MrDereche on Nov 17, 2014 You're welcome!
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