In Class Assessment-Week-10 Name: ID: Practice: Jason is a recent graduate from the Kwantlen Polytechnic University's (KPU) horticulture program. Jason is planning to start a business producing vegetables in particular bell peppers. Jason's father has a good sized greenhouse in his yard which is available for Jason to rent. His father requires $500 per month for the use of his greenhouse. Three important factors in greenhouse growing are lighting, temperature, and humidity. Jason has conducted research believes they can managed by upgrading the greenhouse at a cost of $500 per month. In addition, he will need to purchase seeds, fertilizer, net pots, clay pebbles, and some other supplies. Jason estimates that the cost for all the necessary supplies will be 20 cents for each bell pepper he produces. Water and electricity use are expected to cost 10 cents per bell pepper. He thinks he can produce a maximum of 3000 bell peppers every month. The local market for bell peppers is $4.20 per pack of 3 bell peppers, but he anticipates he may have to price down each pack and sell his peppers for $3 per pack ($1 for each bell pepper) to be able to compete. To determine how much profit he would make, calculate his income on the basis of different numbers of peppers sold Number of Bell Peppers 0 Revenue Greenhouse rent Greenhouse Upgrade Variable cost Total cost Net Income 300 1500 3000 For Jason's Pepper business, graph the following cost-volume-profit relationships and determine the break- even point: