The following graph represents the situation of karls, Microeconomics

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The following graph represents the situation of karls

The following graph represents the situation of Karl's Kumquats, a kumquat grower.

a. How much profit is Karl earning?

b. Does the current situation of Karl's firm illustrate productive efficiency or allocative efficiency? If so, briefly explain how.

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Microeconomics: The following graph represents the situation of karls

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Microeconomics: The following graph represents the situation of karls

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