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Question: The table below shows the daily costs of Cathy's Corn Stand Cathy sells her corn cobs in a perfec...

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Show transcribed image text The table below shows the daily costs of Cathy's Corn Stand Cathy sells her corn cobs in a perfectly competitive market. Draw Cathy's marginal cost (MC) curve. b. The market price of corn is $2.20 per In the short run, how much corn should Cathy produce each day to maximize profits? c. What are Cathy's profits per day if she produces the profit-maximizing quantity of corn in the short run (losses are expressed as a negative number)? d. In the short run assuming nothing else changes. Cathy should:

The table below shows the daily costs of Cathy's Corn Stand Cathy sells her corn cobs in a perfectly competitive market. Draw Cathy's marginal cost (MC) curve. b. The market price of corn is $2.20 per In the short run, how much corn should Cathy produce each day to maximize profits? c. What are Cathy's profits per day if she produces the profit-maximizing quantity of corn in the short run (losses are expressed as a negative number)? d. In the short run assuming nothing else changes. Cathy should: