Question: Revenue (per acre) 400 cwt @ $16/per cwt $6400 Variable costs Seed and plants $600 Fertilizer and Lime $300 Pesticides $350 Plastic Mulch $130 Machinery

Revenue (per acre) 400 cwt @ $16/per cwt $6400 Variable costs Seed and plants $600 Fertilizer and Lime $300 Pesticides $350 Plastic Mulch $130 Machinery $100 Harvest/Haul $3200 Irrigation $130 Other $390 Labor $200 Interest $135 Total Variable Cost $5535 Income Above Variable Cost $865 At a yield of 400cwt, what is the average variable cost

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