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Phydeaux Phydeaux
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6 years ago
Franklin is a fiddlehead farmer. He sells 10 bags of fiddleheads, with total fixed cost of $100 and total variable cost of $50. If the price of fiddleheads is $15 per bag, Franklin
A) will stop producing because total revenue does not cover total variable cost.
B) makes economic losses of $135.
C) makes zero economic profits.
D) makes economic profits of $50.
E) makes economic profits of $100.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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martrekmartrek
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