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The table shows data for Andy's Organic Avocados. Andy's Organic Tomatoes Total Product (pounds) Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost
The table shows data for Andy's Organic Avocados. Andy's Organic Tomatoes Total Product (pounds) Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 1 84 51 135 2 42 44 86 32 3 28 39 67 28 4 21 36 57 30 5 16.8 35.2 52 35.2 6 14 36 50 50 7 12 39 51 70 8 10.5 44.5 55 At a price of $70 per pound of avocados, what quantity does he produce? [ Select ] What is the firm's economic profit? [ Select ] Do firms enter or exit the industry? [ Select ]
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