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Suppose Mayweather Farms has the following costs associated with apple production: q / basket TC 0 $40 1 55 2 65 3 72 4 81

Suppose Mayweather Farms has the following costs associated with apple production:

q / basket

TC

0

$40

1

55

2

65

3

72

4

81

5

93

6

109

7

131

8

159

9

194

10

235

Suppose the farm sells a basket of apples for $18. At the profit maximizing level of output, how much profit or loss is being generated?

a. 6$profit

b. 12$ profit

c. $1 loss

d. 5$ loss

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