Among the many farmers that offer their goods for sale at the farmers market that is set up outside the Social Science Building on Western University campus is a single flower farmer who sells bouquets of flowers to students. He faces a student market demand of P=16-0.5Q, where Q is the number of flower bouquets demanded in a given day and P is the price per bouquet. The marginal cost of picking the flowers and preparing the bouquets is $4 per bouquet. 13. What price should the flower monopolist charge for each bouquet? $ ______________ 14. Suppose that towards the end of the day it becomes obvious to the flower monopolist that student demand for bouquets for the day is lower than normal; he estimates demand for the day to be P=14-0.5Q instead of P=16-0.5Q. What optimal sale price should the monopolist charge to students wishing to purchase bouquets towards the end of the day before he packs up and goes home? $ ________________