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Farmer Jones grows sugar. The average total cost and marginal cost of growing sugar for an individual farmer are 40 illustrated in the graph to

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Farmer Jones grows sugar. The average total cost and marginal cost of growing sugar for an individual farmer are 40 illustrated in the graph to the right. Assume the market for MC sugar is perfectly competitive. 36- According to the graph, farmer Jones will earn profit 32- (positive economic profit as opposed to losses) at any market price above $ numeric response using an integer.) Price and cost (dollars per bushel) 28- per bushel. (Enter a 24- AT 20- Assume that the market price specifically is $32 per bushel. If farmer Jones produces the profit maximizing 16- quantity, what will be her profit? $ 12- To more easily identify the price and quantity, click on the 8- graph to the right, and then adjust the slider to change the price and quantity. Each increment will increase the price 4- by $2. 46 0 10 20 30 40 50 60 70 80 90 atity of Sun rehale thi

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