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Solve clearly Question 35 2 pts Price, cost of bushel $30 26 MC ATC AVC ONOGEN 2 3 4 5 Quantity of com (bushels) (Figure:

Solve clearly

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Question 35 2 pts Price, cost of bushel $30 26 MC ATC AVC ONOGEN 2 3 4 5 Quantity of com (bushels) (Figure: Cost Curves and Profits, in thousands of bushels) The market for corn is perfectly competitive, and an individual corn farmer faces the cost curves shown in the figure, If the price of a bushel of corn in the market is $12. then the farmer will produce of com and experience an economic equal to O O bushels; loss, average fixed costs 3500 bushels; loss: $2 per bushel 5000 bushels; profit: $14 per bushel O 3000 bushels, loss; $22 per bushel

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