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FallenOne FallenOne
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Profit Maximization

Jalapenos sell in a perfectly competitive market. At the profit-maximizing level of output, Javier spends $0.50 per pound on equipment and $1.00 per pound on seed, fertilizer, fuel, and pesticides. If jalapenos sell for $2.75 per pound, Javier earns an economic ________ (profit/loss) of ________.
Please round your final answer to two decimal places.

▸ profit, $1.75

▸ loss, $1.25

▸ profit, $1.25

▸ loss, $1.75
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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timmcgraw1994timmcgraw1994
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FallenOne Author
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2 years ago
Good timing, thanks!
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Thanks for your help!!
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