You are an economic consultant for Farmer Perk, who produces raw cotton and sells it in a perfectly competitive market. One day, he gives you the...

You are an economic consultant for Farmer Perk, who produces raw cotton and sells it in a perfectly competitive market. One day, he gives you the following cost data. The market price for a pound of cotton is $7. Use the table to answer the following questions. Output(Pounds of cotton per day)