Answer to Question #8595 in Microeconomics for jesschris88

Question

Use the following table of expected cost and revenue data for the Tipah Tomato Farm to answer this question. Tipah produces tomatoes and sell them in a competitive price-taker market.
Output
(tons per month)
Total Cost
(RM)
Price per Ton (RM)
3
4
5
6
7
8
9
10
2,250
2,500
2,800
3,050
3,450
4,000
4,575
5,150
500
500
500
500
500
500
500
500
If Tipah is a profit maximizer, how many tomatoes should she produce when the market price is RM500 per ton?
[5 marks]

Answer 1

Dear visitor!
Please provide us with table in appropriate format, current formulation of question is confusing