In Table 12.3 below, what are Farmer Parker's fixed costs? Suppose that his fixed costs increase by $10. Will this increase change the profit-maximizing level of production for Farmer Parker? Briefly explain. How much profit will Farmer Parker make now?

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(5) Marginal (2) Total (1) Quantity (bushels) (Q) (3) Total Cost (4) Profit (6) Marginal Cost (MC) Revenue Revenue (TR) (TC) (TR – TC) (MR) $10.00 -$10.00 $0.00 -7.00 7.00 14.00 $7.00 $4.00 14.00 16.50 7.00 2 -2.50 2.50 18.50 2.50 2.00 21.00 7.00 28.00 21.00 7.00 2.50 4 7.00 35.00 24.50 7.00 5 10.50 3.50 42.00 29.00 13.00 7.00 4.50 7.00 6.50 49.00 35.50 13.50 8. 56.00 44.50 11.50 7.00 9.00 56.50 63.00 6.50 7.00 12.00 72.00 10 70.00 -2.00 7.00 15.50