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. Farmer Brown grows peaches in Georgia. Suppose the market for...
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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 $38 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 $38 - 1 38 12.00
2 38 6.00 3 38 18.00
4 38 36.00
5 38 72.00
6 38 108.00 What price will farmer Brown charge when maximizing profit? Farmer Brown will charge a price of $ 38 per box of peaches. (Enteryour response as an integer.) What is farmer Brown's profit-maximizing level of output? Farmer Brown maximizes profit when producing boxes of peaches. {Enteryour response as an integer.)
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