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q1 8. Critical analysis Q15 2. STEP: 1 of 2 The following table presents the expected cost and revenue data for the Tucker Tomato Farm.

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8. Critical analysis Q15 2. STEP: 1 of 2 The following 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. Complete the table by calculating the firm's marginal cost, average variable cost, average total cost, and profit schedules. Round your answers to the nearest whole dollar figure. For example, round $316.66 to $317, or $321.42 to $321. Total Output Cost ($ Per Average Average Total Profit at $550 Profit at $500 Profit at $450 (tons) Ton) Marginal Cost Variable Cost Cost per ton per ton per ton 0 $1,000 -$1,000 -$1,000 -$1,000 $1,200 EA $ $ $ 2 $1,350 $ $ $ $ 3 $1,550 $ $ $ 4 $1,900 $ $ $ 5 $2,300 $ $ $ 6 $2,750 $ $ $ $3,250 CO $3,800 9 $4,400 10 $5,150 $ Grade Step 1 TOTAL SCORE: 0/5 to complete this step and unlock the next step)

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