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Suppose that you are a manager of a firm like Sproule Farms, a perfectly competitive grower of sugar beets. The market price of sugar beets
Suppose that you are a manager of a firm like Sproule Farms, a perfectly competitive grower of sugar beets. The market price of sugar beets is $52 per ton. The table below has your cost per ton Quantity (tons) Total cost ($) 5,000 235,510 5,001 235,550 5,002 235,600 5,003 235.651 5,004 235,703 5,005 235,756 The profit-maximizing quantity of sugar beets is tons At the profit-maximizing quantity your economic profit or loss is $
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