The real question is not the ones I posted those are what you need the real question is at the profit maximizing level of production. A)Total revenue will be , and profit will be Green Gardens Berry Farms is facing some harvesting décisions 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 vletric Tons harvested per worker hour.Green Gardens Berry FarmQuantity of Farmworker(quantity in metric tons harvested) hours needed for Harvest13194145202. The MARKET PRICE for berries is currently at $75 per metric ton.Green Berry farms is currently looking at harvesting 2 metric tons. What should they do?O The total cost of berries is too high, they should REDUCE productiono The marginal cost of berries at this level is lower than price, and they should EXPAND production.O They are making a profit! They should maintain their production level!Question 3The market price is still S75per metric ton. So Green Berry farm thought they should IncreasEproduction to 5 metric tons. Is this a good decision?No. The marginal.cost.at this production level is higher than price. Ihey would be better off cutting backproduction in order to maximize profits.Yes. they are making a profQuestion 4How many metric tons of berries would Green Berries Farm produce in order to Maximnize Profits

The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…

Berry Is facing some harvesing decisions in order to decide hOw many tons berries 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: $20 Their main variable cost is to hire farmworkers, whom they must pay as per the region's minimum living wage laws at $15 per worker hour. They are able to coordinate production given their existing infrastructure at the following cost structure. Berry harvests are measured inletric Tons harvested per worker hour. Green Gardens Berry Farm Quantity of Farmworker (quantity in metric tons harvested) hours needed for Harvest 1 2 15 9 14 20

Berry Is facing some harvesing decisions in order to decide hOw many tons berries 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: $20 Their main variable cost is to hire farmworkers, whom they must pay as per the region's minimum living wage laws at $15 per worker hour. They are able to coordinate production given their existing infrastructure at the following cost structure. Berry harvests are measured inletric Tons harvested per worker hour. Green Gardens Berry Farm Quantity of Farmworker (quantity in metric tons harvested) hours needed for Harvest 1 2 15 9 14 20

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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