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Suppose the market for peaches is perfectly competitive. The short-run average total cost and marginal cost of growing peaches for an individual grower are illustrated

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Suppose the market for peaches is perfectly competitive. The short-run average total cost and marginal cost of growing peaches for an individual grower are illustrated in the gure to the right. Assume that the market price for peaches is $24.00 per box. What is the prot-maximizing quantity for peach growers to produce? D boxes. (Enter your response as an integer.) At this level of output, prot will be $D. (Enter your response rounded to the nearest dollar.) Peach growers will earn positive economic prot in the short run at any market price above 53 per box. (Enter your response rounded to one decimal place.) N M m m 4; Is 00 m 01 0 Price (dollars per box) a B _\\ m on 4; 0 10 20 30 40 50 60 70 80 Output (boxes of peaches per day) 90 100

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