Question

Farmer Fanny sells her crops in a perfectly competitive market. If she produces 500 bushels for total revenue of $3,000 and if harvesting the 501 bushel would raise her total cost from $2500 to $2510, her A) revenue will increase by $4.00 if she harvests the 501't bushel. B) revenue will fall by $4.00 if she harvests the 501st bushel. C) average fixed cost will rise if she harvests the 501st bushel. D) profit will fall by $10.00 if she harvests the 501t bushel. E) profit will fall by $4.00 if she harvests the 501" bushel.

Answer 1

Answer:

E) profit will fall by $4.00 if she harvests the 501" bushel.

Explanation:

Please see attachment

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