1. Hereford Harry is planning to produce stocker cattle where he purchases steer calves in April, grazes them for 150 days, and sells them at the local auction in September. Harry purchases 450 pound calves at a price of $1.50 per pound. His costs of production (other than the cost of the calves) are provided below: Pasture Feed Salt and minerals Vet Marketing Machinery variable costs Labor Interest on operating capital $35.00 $16.50 $2.10 $12.90 $15.00 $14.40 $27.00 $19.20 $142.10 Harry wants to assess his per-head returns above operating costs under three different sale prices ($1.30, $1.35, and $1.40) and three different seasonal weight gains (175 pounds, 225 pounds, and 275 pounds). a. Prepare a table that reports per-head return above operating costs for each combination price and seasonal weight gain. Put the three weight gains along the top of the table and three prices along the left side. b. What is the return above operating costs at the median price and weight gain levels? C. What is the highest and lowest return above operating costs? 1. Hereford Harry is planning to produce stocker cattle where he purchases steer calves in April, grazes them for 150 days, and sells them at the local auction in September. Harry purchases 450 pound calves at a price of $1.50 per pound. His costs of production (other than the cost of the calves) are provided below: Pasture Feed Salt and minerals Vet Marketing Machinery variable costs Labor Interest on operating capital $35.00 $16.50 $2.10 $12.90 $15.00 $14.40 $27.00 $19.20 $142.10 Harry wants to assess his per-head returns above operating costs under three different sale prices ($1.30, $1.35, and $1.40) and three different seasonal weight gains (175 pounds, 225 pounds, and 275 pounds). a. Prepare a table that reports per-head return above operating costs for each combination price and seasonal weight gain. Put the three weight gains along the top of the table and three prices along the left side. b. What is the return above operating costs at the median price and weight gain levels? C. What is the highest and lowest return above operating costs