Number of Bushels Total Cost (a) (TC) Marginal Cost (MC) Average total cost (ATC) Total Variable Cost (VC) Average Variable Cost (AVC) 0 10 - 1 14 4 14 4 2 16.50 2.5 8.25 6.5 3.25 3 18.50 2 6.17 8.5 2.83 4 21 2.5 5.25 2.75 5 24.50 3.5 4.9 14.5 2.9 6 29 4.5 4.83 79 3.16 35.50 6.5 5.07 25.5 3.64 8 44.50 9 5.56 34.5 4.31 9 56.50 12 6.28 465 5.16 10 72 15.5 22 62 6.2 3. Suppose the market price for wheat is $1. A. How many bushels of wheat will the farmer produce to maximize profits? B. What are the profits for the farmer at this price? C. At this price, what will happen to the supply in the market for wheat?