In Table 12.3 below, what are Farmer Parker's fixed costs? Suppose that his fixed costs increase by $10. Will this increase change the profit-maximizing level of production for Farmer Parker? Briefly explain. How much profit will Farmer Parker make now?

(5) Marginal (2) Total (1) Quantity (bushels) (Q) (3) Total Cost (4) Profit (6) Marginal Cost (MC) Revenue Revenue (TR) (TC) (TR TC) (MR) $10.00 -$10.00 $0.00 -7.00 7.00 14.00 $7.00 $4.00 14.00 16.50 7.00 2 -2.50 2.50 18.50 2.50 2.00 21.00 7.00 28.00 21.00 7.00 2.50 4 7.00 35.00 24.50 7.00 5 10.50 3.50 42.00 29.00 13.00 7.00 4.50 7.00 6.50 49.00 35.50 13.50 8. 56.00 44.50 11.50 7.00 9.00 56.50 63.00 6.50 7.00 12.00 72.00 10 70.00 -2.00 7.00 15.50