Question

Suppose a perfectly competitive asparagus farm can produce six containers of asparagus at an output at which marginal cost equals marginal revenue. The price per container of asparagus is $100 and the average total cost is $75. What is the profit or loss that this asparagus farm is earning?

A) $450.00

B) $600.00

C) $150.00

D) -$450.00

Answer

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