Ans) the correct option is b) $ 27,500
Total revenue = price * quantity
= 55*500 = 27,500
UULL M McGraw-Hill Conne.. ime Left:0:40:07 Lindsey Spicer: Attempt 1 Question 18 (5 points) The Carolina...
one year Question 18 (5 points) The Carolina Christmas Tree Corporation grows and sells 500 Christmas trees. The average cost of production per tree is $50. Each tree sells for a price of $55. The Carolina Christmas Tree Corporation's total revenues are $32,500 $27,500 $2,500 $25,000 Question 19 (5 points) When a firm is making a profit-maximizing production decision, which of the following principles of economics is likely to be most important to the firm's decision?
=2294697&calOdnb=0 Mail - Lindsey Spice Sign in D ULOT I V M McGraw-Hill Conne... New Tab Time Left:1:16:30 Lindsey Spicer: Attempt 1 Question 34 (2.5 points) Ice cream vendors on the beach fail to cooperate with one another on the quantity of ice creams they should sell to earn monopoly profits. A consequence of their failure is that, relative to the outcome the vendors would like, (i)the quantity of ice creams supplied is closer to the socially optimal level. (ii)the...