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# (Solved): The profit-maximization table below applies to a vegetable gardener who sells carrots at a local far ...

The profit-maximization table below applies to a vegetable gardener who sells carrots at a local farmers’ market. Price (\$ per kg) Quantity (kg per month) Total revenue (\$) Marginal Revenue (\$ per kg) Total cost (\$) Marginal Cost (\$ per shirt) Average Cost (\$ per kg) Profit (\$) \$ ------ 0 \$0 \$ ------ \$18 \$ ------ \$ ------ \$ ------ ------ 100 49 ------ 41 ------ ------ ------ ------ 200 98 ------ 57 ------ ------ ------ ------ 300 147 ------ 76 ------ ------ ------ ------ 400 196 ------ 112 ------ ------ ------ ------ 500 245 ------ 175 ------ ------ ------ ------ 600 294 ------ 330 ------ ------ ------ a) Fill in the table. b) What type of market does the gardener operate in? c) Draw the gardener’s marginal revenue, marginal cost, and average cost curves on a graph. d) Identify the gardener’s profit-maximizing or lost-maximizing quantity of output (rounded

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