Farmer Brown grows blueberries. The average total cost, average variable cost, and marginal cost of growing blueberries for an individual farmer are illustrated in the graph to the right. Farmer Brown will incur losses if the market price falls below $ per crate. (Enter a numeric response using an integer.) Furthermore, farmer Brown should shut down in the short run if the market price falls below $ per crate. Price and cost (dollars per crate) 40- 36- 32- 28- 20- 16- 12- 8- 0 MC ATC AVI 1 10 20 30 40 50 60 70 80 90 Quantity of blueberries (crates per week)

Farmer Brown grows blueberries. The average total cost, average variable cost, and marginal cost of growing blueberries for an individual farmer are illustrated in the graph to the right. Farmer Brown will incur losses if the market price falls below $ per crate. (Enter a numeric response using an integer.) Furthermore, farmer Brown should shut down in the short run if the market price falls below $ per crate. Price and cost (dollars per crate) 40- 36- 32- 28- 20- 16- 12- 8- 0 MC ATC AVI 1 10 20 30 40 50 60 70 80 90 Quantity of blueberries (crates per week)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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