Please answer #5 first.

Discussion #5: Pat's Pears Discussion #6: Ibrahim's Bananas ( Suppose Pat's Pears is a local farm participating in the perfectly competitive pear market. Currently, Pat is selling 400 pears per week at the market price of $1 each. Pat's Average Variable Cost is $.75 and Total Fixed Cost is $200. Use this information to answer the following: 1. Can Pat pay TVC? 2. Can Pat pay TC? 3. How much Economic Profit (or loss) is Pat making per week? 4. Assuming other pear farmers are experiencing the same market conditions, what can we expect to happen to the number of pear farmers in the market? Suppose Ibrahim owns the only fruit stand in town. Each day Ibrahim brings a wagon with 200 pounds of bananas. He can sell all 200 pounds for a price of $1.50 per pound. If he brings two wagons of bananas per day (400 pounds total), he can still sell all of the bananas, but he'll have to lower his price to $1 per pound. Each pound of bananas costs Ibrahim a marginal cost of $.75 to produce. Use this information to answer the following: 1. What is the marginal revenue (per pound) for the second wagon full of bananas? 2. Is it more profitable for Ibrahim to bring 2 wagons of bananas each day or 17