Green Gardens Berry Farms is facing some harvesting decisions in order to decide how many tons ofberries to harvest and supply to local markets. They face the following situation:Their FIXED COSTS in terms of existing harvesting tools, land rents, etc. is: $20Their main variable cost is to hire farmworkers, whom they must pay as per the region's minimumliving wage laws at $15 per worker hour.They are able to coordinate production given their existing infrastructure at the following coststructure. Berry harvests are measured in Metric Tons harvested per worker hour.Green Gardens Berry FarmQuantity of Farmworkerquantity in metric tons harvested) hours needed for Harvest1.32.134.1420 Based on the above information, fill in the following COST TABLE for Green Berry FarmsBerry Quantity (metric tons) Total Variable Cost Total CostMarginal Cost131415關控技我我2.

Formula: Total cost=Total fixed cost+Total variable costTotal variable cost=Quantity of farmworkers…

Answered: Based on the above information, fill in…

Based on the above information, fill in the following COST TABLE for Green Berry Farms Berry Quantity (metric tons) Total Variable Cost Total Cost Marginal Cost 1 2 I 3 4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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