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8. 3 points The following table shows Farmer Parker's revenue, cost, and profit from wheat farming: Quantity Total Total Marginal Marginal Profit (bushels) Revenue Cost

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8. 3 points The following table shows Farmer Parker's revenue, cost, and profit from wheat farming: Quantity Total Total Marginal Marginal Profit (bushels) Revenue Cost Revenue Cost (Q) (TR) (TC) (TR - TC) (MR) (MC) 0.00 4.00 -4.00 - O 4.00 7.00 3.00 4.00 3.00 8.00 9.00 -1.00 4.00 2.00 12.00 10.50 1.50 4.00 1.50 16.00 12.50 3.50 4.00 2.00 ONIOUAWN 20.00 15.00 5.00 4.00 2.50 24.00 19.00 5.00 4.00 4.00 28.00 23.50 4.50 4.00 4.50 8 32.00 30.50 1.50 4.00 7.00 9 36.00 40.00 -4.00 4.00 9.50 10 40.00 52.50 -12.50 4.00 12.50 Farmer Parker's profit-maximizing level of production is bushels of wheat. At this level of production he earns the maximum possible profit of $ Farmer Parker's fixed costs are $ 9. 2 points

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