Problem 1 (12 points) The market for carrots in the city of Lafayette has the following demand schedule: Price Quantity ($/ kg demanded (kg) 1 1200 1 100 3 1000 4 900 5 800 6 700 600 500 9 400 10 300 11 200 12 100 13 0 Each producer in the market has fixed costs of $9 and the following variable cost: Quantity Variable (kg) Cost ($) 1 $2 2 6 3 12 20 30 42