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Farmer Bogus is selling his product in a purely competitive market. His output is 600 bushels which sell for $2 per bushel. At this level of output, marginal cost is $2, average total cost is $7, and average variable cost is $6. Farmer Bogus should produce how many bushels of output?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91721797

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