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1. Boba's Blooms produces beautiful bouquets. Boba has xed costs of $100 per day. The owers for the bouquets cost $30 per bouquet, and each
1. Boba's Blooms produces beautiful bouquets. Boba has xed costs of $100 per day. The owers for the bouquets cost $30 per bouquet, and each bouquet takes a worker 2 hours to complete. The worker in Boba's shop makes $10 per hour, and will work 8 hours in a day. a. Construct a table to show Boba's xed, variable and total costs for 0 to 4 bouquets. For all parts of problem 2, please consider labor to be a variable cost. b. Construct a table to show Boba's AVC, AFC and ATC amounts, and also show this on a graph. c. Business is picking up, and Boba needs to make more bouquets. Boba could rent a machine under a ve-year lease for $100 per day which would allow the existing worker make a bouquet in 1 hour, or Boba could hire another worker for $10Xhour (this worker will be able to complete a new bouquet in 4 hours and will also be willing to work up to 8 hours per day, but can be hired only for the hours required). Analyze the costs of the machine and one worker compared to just hiring another worker, and explain the implications of each alternative
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