Suppose the market for is perfectly competitive. The average total cost and marginal cost of growing in the long run for an individual farmer are illustrated in the graph to the right.$$

Part $2$

According to the$$ graph, the long run equilibrium price for is $$$

$$

$24$ per box. $($Enter a numeric response using a real number rounded to two decimal$$ places.$)$

Part $3$

If at this price an individual farmer produces boxes of per$$ week, she will have economic profits of $$$

$$

negative $140.$

Part $4$

To break even in the long$$ run, farmers must produce the quantity that occurs

at lowest average cost

$.$