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FallenOne FallenOne
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A year ago
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
Authors:
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timmcgraw1994timmcgraw1994
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A year ago
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FallenOne Author
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A year ago
this is exactly what I needed
smdavis
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Yesterday
Thank you, thank you, thank you!
kh540941
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2 hours ago
Good timing, thanks!
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