Quantity of
Apples
(bushels)
0
VC
$5
40
1
2
70
80
3
A
130
190
5
al
260
7
340
8
430
Table 58-2: Lilly's
Apple Orchard
(Table 58-2: Lilly's Apple Orchard.
Lilly is the owner of an apple
orchard; its variable costs are given
in the table. Her orchard has fixed
costs of $5. If the price of a bushel
of apples is $75 and the marginal
revenue is $70, her economic profit
will be equal to

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