Look at the table below for strawberries. What is the market price? what is the profit-maximizing level of output? Show

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Look at the table below for strawberries. What is the market price? what is the profit-maximizing level of output? Show your calculations. Quantity 0 10 20 30 40 50 60 70 80 90 100 Total Cost $62 $90 $110 $126 $144 $166 $192 $224 $264 $324 $404 Fixed Cost $62 $62 $62 $62 $62 $62 $62 $62 $62 $62 $62

Variable Cost $28 $48 $64 $82 $104 $130 $162 $202 $262 $342 Total Revenue $0 $60 $120 $180 $240 $300 $360 $420 $480 $540 $600

Total Revenue $0 $60 $120 $180 $240 $300 $360 $420 $480 $540 $600 Profit - $62 -$30 $10 $54 $96 $134 $168 $196 $216 $216 $196