Assume you own a greenhouse that can be used to grow mums, pansies or a combination of each. After careful research you have determined that the following combinations are possible and you wish to choose that combination which will maximize profit from the greenhouse. Calculate the substitution ratic and answer the questions following. Comb- ination Mums (pots) Pansies (flats) Sub. Ratio Price Ratio (for prices in ques. #1 below) al b C. d 3 #1 #2 #3 2 2 3 3 3 3. NNNNNN #4 0 220 442 646 810 925 1021 1111 1192 1266 1330 1386 1750 1644 1524 1400 1267 1119 957 791 612 412 200 0 #5 #6 #7 #8 #9 #10 XXX 0.46 0.54 0.61 0.81 1.29 1.69 1.84 2.21 2.70 3.31 3.39 0.667 0.667 0.667 0.667 0.667 0.667 0.667 0.667 0.667 0.667 0.667 0.667 3 3.333 3.333 3.333 3.333 3.333 3.333 3.333 3.333 3.333 3.333 3.333 3.333 2 2 2 12 AI 3 3 3 100 3 3 #12 2 1. Calculate the price ratio for each combination of prices and fill in the appropriate column above. Then find the profit maximizing enterprise combination for each case. Ent. Comb. . a) Mums with a price of $2.00 per pot and pansies with a price of $1.00 per flat. b) Mums with a price of $2.00 per pot and pansies with a price of $3.00 per flat. c) Mums with a price of $3.00 per pot and pansies with a price of $1.00 per flat. d) Mums with a price of $4.00 per pot and pansies with a price of $1.20 per flat. 2. If mums sold for $2.20 per pot, what would the price of pansies have to be to make combination #8 the exact profit maximizing combination? SHOW WORK! 3. Do mums and pansies show a complementary enterprise relationship in this problem? Carefully explain how you arrived at your answer. 4. In an enterprise combination problem, some input must be fixed. What is the fixed input in this