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123lol456 123lol456
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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
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Macroeconomics

Macroeconomics


Edition: 3rd
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kuteemekuteeme
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You make an excellent tutor!
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Just got PERFECT on my quiz
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