Farmer Yokesalot is one of many farmers who sell eggs.His eggs are the same as other farmers' eggs and he makes up a small portion of the total egg market.Currently, the price of eggs is $3.00.Please examine the graph depicting farmer Yokesalot's egg selling business and answer the following questions.

1. How many eggs should farmer Yokesalot produce?
2. How much total revenue is farmer Yokesalot making?
3. What is the total cost of production incurred by this firm?
4. Is farmer Yokesalot making a profit or a loss?What is the amount of the profit or loss?
5. Given the situation depicted in the graph, what do you expect to happen in the market for eggs?

Name Activity 7: Price Taker Markets Farmer Yokesalot is one of many farmers who sell eggs. His eggs are the same as other farmers" eggs and he makes up a small portion of the total egg market. Currently, the price of eggs is $3.00. Please examine the graph depicting farmer Yokesalot's egg selling business and answer the following questions. MC ATC $3 d ( P=MR) $2 $180 O 10 12 1. How many eggs should farmer Yokesalot produce? 2. How much total revenue is farmer Yokesalot making? a 9 hp