Answer to Question #8819 in Microeconomics for Shaminee

Question #8819
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 2250 500 4 2500 500 5 2800 500 6 3050 500 7 3450 500 8 4000 500 9 4275 500 10 5150 500 If Tipah is a profit maximizer, how many tomatoes should she produce when the market price is RM500 per ton? [5 marks]
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Expert's answer
2012-04-27T07:49:39-0400
The answer to the question is available in the PDF file https://www.assignmentexpert.com/homework-answers/economics-answer-8819.pdf

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