Problem #3 Total Cost Total Revenue Economic Prot Peter owns a small hog farm. The above table gives Peter's total cost schedule. Peter is in a perfe ctly com petitive market and can sell each hog for saoo. [Put Answers Below] a. Complete the Table b. What is Peter's prot-maximizing number of hogs and what price will Peter set? c. When Peter increases his production from 2 hogs to 3 hogs: Iarl'tat is the marginal cost? Is the third hog protable for Peter? d. When Peter increases his production from 3 hogs to 4 hogs: What is the marginal cost? Is the fourth hog protable for Peter? e. What is the marginal cost of the third hog