Business, 27.01.2020 20:31, schapethan

Turkey farming is a perfectly competitive industry and all turkey farms have the same cost curves. when the market price is $41 a turkey, each farm maximizes profit by producing 300 turkeys a week. at this output, average total cost is $39 and average variable cost is $18 a turkey. minimum average variable cost is $14 a turkey. two points on the turkey farm's supply curve are 300 turkeys supplied at each and 0 turkeys supplied at each.

a. $19, $13
b. $13; $19
c. $33, $13
d. $13, $33
e. $33; $19

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Turkey farming is a perfectly competitive industry and all turkey farms have the same cost curves. w...