c Rambutan is a fruit prized in Eastern Asia for its unique hairy Price Per bUShe' look. Once peeled, it reveals a sweet, slightly sour, grape-like, E gummy-tasting fruit. The graph shows the average total cost, i marginal revenue, and marginal cost curves of a perfectly or ; (purely) competitive rambutan farmer. ' $12.11 10.11 , 9.51 This rm is incurring a prot . In the long run, rms will enter this market. What is this rm's prot or loss, rounded to the nearest penny? 5-4 7 Quantity (bushels) $ 12. l l Suppose the market for apples is perfectly competitive. The rst graph depicts the supply and demand curves for the apple market. The second graph represents an individual apple grower. Graph the demand curve that the individual grower faces by placing the endpoints of the rm demand curve in the correct locations. Market for apples Price of apples (SS/bushel) $10 9 Price of apples (Eli/bushel) 0123456789101112131415 Bushels of apples (thousands) 10 0.0 1.0 Individual apple grower 2.0 3.0 4.0 Bushels of apples (hundreds) 5.0 6.0