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1. The table below shows the production of com in New York state with respect to fertilizer. The price of com is $ 4.50 per bushel. The cost of the fertilizer is $ 15 per bag of 20 lbs. Answer all the questions below. Total physical product Marginal Fertilizer (TP P) or physical Total Total Input applied Yield Q product revenue cost Marginal Marginal level (Lbs) (bushels) (bushels) (MPP) (TR) (TC) revenue cost 0 90 $405 $500 1 20 120 30 30 $540 515 4.50 0.50 2 40 140 50 20 $630 530 4.50 0.75 13 60 155 65 15 $698 545 4.50 4 80 165 75 10 $743 560 4,50 1.50 5 100 173 83 8 $779 575 4.50 1.8B 6 120 175 85 2 $7 88 590 4.50 3.88 140 172 82 -3 $7 74 600 4.50 -5.00 B 160 168 78 4 $756 620 4.50 a. Fill in the blanks that are highlighted in yellow. Use the formula, show your work. b. What can you tell about the profit of the firms. c. What decision rule would you apply for determining how much to produce? What is your decision, what level would you choose? d. Create a new table with the com price of $6 per bushel; what would be your decision regarding production level