V FL 216 Swed Help Save & Eelt Check my work 1 Problem 18-01 (algo) Suppose that you own a 20-acre plot of land that you would like to rent out to wheat farmers. For them, bringing in a harvest involves $35 per acre for seed, $80 per acre for fertilizer, and $70 per acre for equipment rentals and labor. With these inputs, the land will yield 40 bushels of wheat per acre. Instructions: Enter your answers as a whole number a. If the price at which wheat can be sold is 57 per bushel and a farmers want to com a normal profit of $10 per acre, what is the most that any farmer would pay to rent your 20 acres? ht S 100 b. What price would the farmer pay to rent your 20 acres if the price of wheatrites to $8 per bushel? $ MAN L 21 Seved Hele Save A E Submit Connect Problem CP 20-04 (algo) Suppose you earn $40,000 per year and pay taxes based on marginal tax rates. The first tax bracket, which taxes at 5 percent,ranges from $0 to $20,000. The second tax bracket, which taxes at 25 percent ranges from $20,001 to $80,000. How much will you pay in total taxes? Instructions: Enter your answer as a whole number $