Question

Use the following table of expected cost and revenue data for the Tipah Tomato Farm to answer this question. Tipah produces tomatoes and sell them in a competitive price-taker market.
Output
(tons per month)
Total Cost
(RM)
Price per Ton (RM)
3
4
5
6
7
8
9
10
2,250
2,500
2,800
3,050
3,450
4,000
4,575
5,150
500
500
500
500
500
500
500
500
If Tipah is a profit maximizer, how many tomatoes should she produce when the market price is RM500 per ton?
[5 marks]

Answer 1

Dear visitor!
Please provide us with table in appropriate format, current formulation of question is confusing