Question: I do not understand how to do this problem An enterprise budget for soybeans shows a yield of 46 bushels, a selling price of $8.85
I do not understand how to do this problem



An enterprise budget for soybeans shows a yield of 46 bushels, a selling price of $8.85 per bushel and total costs of $386.00 per acre. Please answer the questions below. (6 points) What is the cost of production per bushel? The break-even yield? The break-even print: e? 3. Calculate the missing input and cost values for an agribusiness firm producing milled rice. (10 points) Output Labor TFC TVC TC MC ($) (milled rice) (hours) ($) ($) ($) (tons) 10 40 100 t 300 16 S Ll V 30 r= S= t= U= V=1 . Using the table below, a price of $6 for the output (Py), a cost of $10 per unit of variable input (Px), and a TFC of $200, compute the three total costs (TVC, TFC, TC), the three average costs (AVC, AFC, ATC) and the marginal cost (MC). (28 points) (Please show work for all the questions) Variable Output TFC TVC TC AFC AVC ATC MC Input (bushels) 0 0 10 35 20 75 30 105 40 130 50 140 What is the profit maximizing output level? What is the maximum profit that can be made with the given prices? To continue production in the long run, the output price must remain equal to or above $ In the short run, production should stop whenever the output price falls below $ 2. Graphically illustrate the importance of break-even price and shut-down price. How the firm manager use these price levels to make output decisions? (6 points)
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