Answer to Question #8595 in Microeconomics for jesschris88

Question #8595
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]
1
Expert's answer
2012-04-19T10:53:09-0400
Dear visitor!
Please provide us with table in appropriate format, current formulation of question is confusing

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