A farmer grows wheat on 1 acre of land. She rents this plot of land from an absentee landlord. Excluding rent, the total cost to her of producing Q bushels of wheat is 1DD+5Q+1EIQ2. You can think of this as including all labor, capital and material costs given that the farmer is optimizing choice of inputs. The price the farmer can get for a bushel of wheat on the open market is $105. The purpose of this question is to think about how much rent the farmer pays for her plot of land. 2.1) Derive the marginal cost (MC) and average total cost (ATO) functions for all inputs except land. These are the first derivative and average across all CI of the cost function given above. 2.2) Graph MC, ATC, P and the quantity the farmer chooses to produce on her acre 0*. Indicate on the graph total revenues. total costs and bid-rent that the farmer has for this acre of land