Recent Posts • Latest Topics • Unanswered Questions

The Optimal Output RuleSunny sells soybeans in a perfectly competitive market. Her output per day ...

123lol456

wrote...

Go to Answer

Posts: 160

Rep:

2 years ago

The Optimal Output RuleSunny sells soybeans in a perfectly competitive market. Her output per day ...

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 day	Total 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

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 169 times

1 Reply

Report

Replies

Answer verified by a subject expert

kuteeme

wrote...

Posts: 165

Rep:

2 years ago

More solutions for this book are available here

This verified answer contains over 530 words.

Report

Related Topics

123lol456 Author

wrote...

2 years ago

Just got PERFECT on my quiz

jakechambo3

wrote...

Yesterday

Thanks

jblazah

wrote...

2 hours ago

Correct

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1411 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

231

362

Your Opinion

Previous poll results: Which country would you like to visit for its food?

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2025 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.