A greenhouse purchases X = seeds (lbs) and plants them to produce Y = flowers (flowers). P_X = $60/lb TFC = $10 P_Y = $20/flower
$\begin{array}{ll}\underline { \mathrm{Y} }&\underline {\mathrm{TVC} } \\0 & 0 \\1 & 20 \\2 & 26 \\3 & 30 \\4 & 40 \\5 & 60 \\6 & 120\end{array}$ A. Complete the cost chart to include all costs. B. Give an example of a fixed cost for the greenhouse; explain why it is fixed. C. Give an example of a variable cost for the greenhouse; explain why it is variable. D. Define opportunity costs and describe the greenhouse's opportunity costs. E. Do costs in the table above include opportunity costs? Explain. F. What is the profit-maximizing level of output? Explain. G. Identify the shut down (SD) and break even (BE) points in the chart. H. Briefly explain why the greenhouse might stay in business if SDY

Question

A greenhouse purchases X = seeds (lbs) and plants them to produce Y = flowers (flowers). P_X = $60/lb TFC = $10 P_Y = $20/flower

\begin{array}{ll}\underline { \mathrm{Y} }&\underline {\mathrm{TVC} } \\0 & 0 \\1 & 20 \\2 & 26 \\3 & 30 \\4 & 40 \\5 & 60 \\6 & 120\end{array}

A. Complete the cost chart to include all costs. B. Give an example of a fixed cost for the greenhouse; explain why it is fixed. C. Give an example of a variable cost for the greenhouse; explain why it is variable. D. Define opportunity costs and describe the greenhouse's opportunity costs. E. Do costs in the table above include opportunity costs? Explain. F. What is the profit-maximizing level of output? Explain. G. Identify the shut down (SD) and break even (BE) points in the chart. H. Briefly explain why the greenhouse might stay in business if SDY

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The Answer of A greenhouse purchases X = seeds (lbs) and plants them to produce Y = flowers (flowers). P_X = $60/lb TFC = $10 P_Y = $20/flower $\begin{array}{ll} \underline { \mathrm{Y} }&\underline {\mathrm{TVC} } \ 0 & 0 \ 1 & 20 \ 2 & 26 \ 3 & 30 \ 4 & 40 \ 5 & 60 \ 6 & 120 \end{array}$ A. Complete the cost chart to include all costs. B. Give an example of a fixed cost for the greenhouse; explain why it is fixed. C. Give an example of a variable cost for the greenhouse; explain why it is variable. D. Define opportunity costs and describe the greenhouse's opportunity costs. E. Do costs in the table above include opportunity costs? Explain. F. What is the profit-maximizing level of output? Explain. G. Identify the shut down (SD) and break even (BE) points in the chart. H. Briefly explain why the greenhouse might stay in business if SDY

A Greenhouse Purchases X = Seeds (Lbs) and Plants Them