An Ethanol Plant Purchases X = Corn (Bu) and Produces $P_{x}=\$ 6 / bu$

An ethanol plant purchases X = corn (bu) and produces ethanol Y = ethanol (gal).
$P_{x}=\$ 6 / bu$$\quad$ $\mathrm{TFC}=\$ 1$ $\quad$ $\mathrm{P}_{\mathrm{Y}}=\$ 2 / g a l$

$\begin{array}{cc} \underline{\text { Y }} & \underline{\text { TVC }} \\ 0 & 0 \\1 & 2 \\2 & 2.6 \\3 & 3 \\4 & 4 \\5 & 6 \\6 & 12\end{array}$ A. Complete the cost chart to include all costs.
B. Give an example of a fixed cost for the ethanol plant; explain why it is fixed.
C. Give an example of a variable cost for the ethanol plant; explain why it is variable.
D. Define opportunity costs and describe the ethanol plant's opportunity costs.
E. Do costs in the table above include opportunity costs? Explain.