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What is the farm price at quantity

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Reference no: EM132639091

Quantity Retail Price Marketing Cost Farm-level Demand Price

2 $14 $5 $9

4 $12 $5 $7

6 $10 $5 $5

8 $8 $5 $3

10 $6 $5 $1

Retail Demand: Q = 16- Pr

Farm Supply: Q = 2+0.5Pf

Marketing Cost Per unit: $5

How do I go about finding the following answers?

What's the equilibrium quantity?

What's the farm price at this quantity?

What's the retail price at this quantity?

Reference no: EM132639091

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