# Question The figure to the right illustrates the average total cost​ (ATC) and marginal cost​ (MC) curves for an apple farmer. Assume the market for apples is perfectly competitive. If the market price for apples is ​\$42.00 per​ crate, then what will be this apple​ farmer's profit? Use the rectangle drawing tool to shade in the apple​ farmer's profit. Label this shaded area​ 'Profit'. Carefully follow the instructions​ above, and only draw the required objects. MC Price and cost (dollars per crate) 72.00 68.00- 64.00 60.00- 56.00- 52.00- 48.00- 44.00 40.00- 36.00 32.00- 28.00 24.00 20.00- 16.00- 12.00- 8.00- 4.00- 0.00+ 0 ATC 1 2 7 8 -00 2 3 4 5 6 Apples (crates in 100s)

UJE4JE The Asker · Economics

The figure to the right illustrates the average total cost​ (ATC) and marginal cost​ (MC) curves for an apple farmer. Assume the market for apples is perfectly competitive.

If the market price for apples is ​\$42.00 per​ crate, then what will be this apple​ farmer's profit? Use the rectangle drawing tool to shade in the apple​ farmer's profit. Label this shaded area​ 'Profit'. Carefully follow the instructions​ above, and only draw the required objects.

Transcribed Image Text: MC Price and cost (dollars per crate) 72.00 68.00- 64.00 60.00- 56.00- 52.00- 48.00- 44.00 40.00- 36.00 32.00- 28.00 24.00 20.00- 16.00- 12.00- 8.00- 4.00- 0.00+ 0 ATC 1 2 7 8 -00 2 3 4 5 6 Apples (crates in 100s)
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Transcribed Image Text: MC Price and cost (dollars per crate) 72.00 68.00- 64.00 60.00- 56.00- 52.00- 48.00- 44.00 40.00- 36.00 32.00- 28.00 24.00 20.00- 16.00- 12.00- 8.00- 4.00- 0.00+ 0 ATC 1 2 7 8 -00 2 3 4 5 6 Apples (crates in 100s)