6. Fred found that fine flowers grow faster with fertilizer. In one month, Fred can harvest between 1000 and 5000 flowers, depending on his fertilizer level. Fred sells flowers for $2 each (in 1000 flower lots) and his only major variable cost is fertilizer. Fred's fixed cost is $500. The table below shows the fertilizer needed to grow different amounts of flowers. Flowers per Month Fertilizer Bags 1000 0 2000 7 3000 11 4000 17 5000 25 A. If fertilizer costs $400/bag, how many bags should Fred buy, how many flowers will he sell, and how much profit would he make? B. If fertilizer costs $350/bag, how many bags should Fred buy, how many flowers will he sell, and how much profit would he make? C. If fertilizer costs $300/bag, how many bags should Fred buy, how many flowers will he sell, and how much profit would he make? D. If fertilizer costs $200/bag, how many bags should Fred buy, how many flowers will he sell, and how much profit would he make?

3. The relationship between marginal and average costs Consider the following scenario to understand the relationship between marginal and average values. Suppose Paolo is a professional basketball player, and his game log for free throws can be summarized in the following table. Fill in the columns with Paolo's free-throw percentage for each game and his overall free-throw average after each game. Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 6/8 75 8/16 10/20 18/30 26/40 Game 1 2 3 4 5 RCENTAGE 6/8 2/8 2/4 8/10 8/10 On the following graph, use the orange points (square symbol) to plot Paolo's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot his overall average free-throw percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 90 75 Game Free-Throw Percentage A Average Free-Throw Percentage

At Emory's Pens and Pencils when they produce 50 pens their total cost is $80. Emory's marginal cost to produce the 51st pen is $1. What is the average total cost of producing 51 pens?

O O Price (dollars) 160 120 8 40 0 2 4 Quantity According to the figure above, the total cost of producing 5 units is $24 $80 $8 $120 $40

Bob produces Blu-ray movies for sale, which requires a building and a machine that copies the original movie onto a Blu-ray. Bob rents a building for $60 per month and this is his fixed costs. His variable cost per month is given in the accompanying table. Quantity of Blu-rays Variable Cost 10 200 20 380 30 540 40 720 50 920 60 1140 70 1380 80 1640 Assume that Bob can only ptoduce the quantity listed in the table. Assume current market price is $21, what's Bob's profit? O 70 130 Need more information to tell.

Please give an explanation on how to solve this

2. You are thinking about setting up a lemonade stand. The stand itself costs $200. The ingredients for each cup of lemonade cost $0.50. a. How much is your fixed cost of doing business? How much is your variable cost per cup? b. Construct a table showing your total cost, average total cost, and marginal cost for output levels varying from 0 to 10 gallons. (Hint: There are 16 cups in a gallon)