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You are an economic consultant for Farmer Perk, who produces raw cotton and sells it in a perfectly competitive market. One day, he gives you the...

You are an economic consultant for Farmer Perk, who produces raw cotton and sells it in a perfectly competitive market. One day, he gives you the following cost data. The market price for a pound of cotton is $7. Use the table to answer the following questions. Output(Pounds of cotton per day)

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