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Find the profit maximizing enterprise combination for questions 1 through 4. 1.Price of mums$ 0.80per pot Price of pansies$ 0.75Per flat profit maximizing enterprise 2.Price

Find the profit maximizing enterprise combination for questions 1 through 4. 1.Price of mums$ 0.80per pot Price of pansies$ 0.75Per flat profit maximizing enterprise 2.Price of mums$ 3.30per pot Price of pansies$ 3.40Per flat profit maximizing enterprise 3.Price of mums$ 3.00per pot Price of pansies$ 5.00Per flat profit maximizing enterprise 4.Price of mums$ 4.00per pot Price of pansies$ 4.15Per flat profit maximizing enterprise 5. If mums sell for $3.20 per pot, what does the price of pansies have to be to make combination #8 the exact profit maximizing combination? SHOW YOUR WORK! (4 points) 6. Do mums and pansies show a complementary enterprise relationship in this problem? Carefully explain how you arrived at your answer. (4 points)

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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 the combination that will maximize prot from the greenhouse. Calculate the substitution ratio and price ratios needed to complete the table. Price Price Price Price Ratio Ratio Ratio Ratio Mums Pansies Substitution Question Question Question Question Combination {pots} (ats) Ratio 1 2 3 4 1 I] 1,951] XXX 2 326' 1,664 3 441 1,554 4 646 1,460 5 310 1,261' 6 925 1,1651| '1 1112] Li]??? 3 121.11 33 1 9 13 10 T12 1i] 1522 412 1 1 1725 20!] 12 1335

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