*The accompanying table presents the expected cost and revenue data for the Tucker Tomato Farm. The Tuckers produce tomatoes in a greenhouse and sell them wholesale in a price-taker market.

a. Fill in the rm’s marginal cost, average variable cost, average total cost, and prot schedules.

b. If the Tuckers are prot maximizers, how many tomatoes should they produce when the market price is $500 per ton? Indicate their prots.

c. Indicate the rm’s output level and maximum prot if the market price of tomatoes increases to $550 per ton.

d. How many units would the Tucker Tomato Farm produce if the price of tomatoes fell to $450 per ton? What would be the rm’s prots? Should the rm stay in business? Explain.

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Cost and Revenue Schedules for Tucker Tomato Farm, Inc. OUTPUT (TONS PER MONTH) IOTAL COST PRICE PER TON 0 $1,000 $500 1 1,200 500 10 234 569890 1,350 500 1,550 500 1,900 500 2,300 500 2,750 500 3,250 500 3,800 500 4,400 500 5,150 500 MARGINAL COST AVERAGE VARIABLE COST AVERAGE TOTAL COST PROFITS (MONTHLY) | |