Question $1(Mandatory)(100$ points$)$

The graph above depicts the cost and demand conditions for a wheat farmer. The

market price $is$ $$15$ per bushel.

What $is$ profit maximizing number $of$ bushels for this farmer?

$A$

What $is$ this farmers total revenue when $he$ maximizes his profit?

$A$

What $is$ this farmers total cost when $he$ maximizes his profit?

$A$

What $is$ this farmers total variable cost when $he$ maximizes his profit?

$A$

What $is$ this farmers total fixed cost?

$A$

What $is$ this farmers profit $or$ loss when $he$ maximizes his profit?

$At$ what price would this farmer break even? $At$ what price would this farmer shutdown $in$ the short run?

$A$