Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
123lol456 123lol456
wrote...
Go to Answer
Posts: 150
Rep: 0 0
A year ago
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
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 113 times
1 Reply
Replies
Answer verified by a subject expert
kuteemekuteeme
wrote...
#1
Posts: 157
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 530 words.
1

Related Topics

123lol456 Author
wrote...

A year ago
This calls for a celebration Person Raising Both Hands in Celebration
loki1345
wrote...

Yesterday
this is exactly what I needed
Natalie Price
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  845 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 271
  
 251
  
 256
Your Opinion
Where do you get your textbooks?
Votes: 422
Previous poll results: Does a gender wage gap exist in America?