Refer to the information provided in Table 8.8 below to answer the following question(s). Table 8.8Number of Fruit BasketsTFCTVCTCMC0$100  $0$100 --11002012020210030 13010310042 14212410062 16220510092 192306 100136  236 44Refer to Table 8.8. Assume that Polynesian Fruit sells fruit baskets in a perfectly competitive market. The market price of a fruit basket is $30. To maximize profits, Polynesian Fruit should sell ________ fruit basket(s) and their profit is ________.

A. two; -$70
B. five; -$42
C. zero; $0
D. three; -$52


Answer: B

Economics

You might also like to view...

As we move along a planned expenditures line

A) price level falls. B) price level fluctuates depending on whether the economy is expanding or contracting. C) price level rises. D) price level is held constant.

Economics

Adjudication reduces problems created by negative externalities by

A) assigning liability to the party most able to pay (the deep pocket). B) balancing marginal social benefits against marginal social costs. C) discovering who has what rights. D) making more accurate private benefit-cost analyses. E) measuring externalities more precisely.

Economics

Open market operations is a tool the Fed uses to effect the federal funds rate

Indicate whether the statement is true or false

Economics

The 1992 plan of the European Union calls for

a. the complete mobility of economic resources across EU borders. b. establishing the British pound as the common currency. c. a central banking system in Zurich. d. a federal tax system similar to that of the United States.

Economics