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Farmer Brown grows peaches in Georgia. Suppose the market for peaches is perfectly competitive and that the market price for a box of peaches is
Farmer Brown grows peaches in Georgia. Suppose the market for peaches is perfectly competitive and that the market price for a box of peaches is $74 per box. Farmer Brown's marginal cost of production is illustrated in the table. Boxes of Market Price Marginal Peaches (per box) Cost (MC) 0 $74 - 1 74 12.00 2 74 6.00 3 74 18.00 4 74 36.00 5 74 72.00 6 74 108.00 What price will farmer Brown charge when maximizing prot? Farmer Brown will charge a price of $E| per box of peaches. (Enter your response as an integer.) What is farmer Brown's prot-maximizing level of output? Farmer Brown maximizes prot when producing El boxes of peaches. (Enter your response as an integer.)
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