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this is one question with different parts QUESTION 4 Questions 4 - 11: Problems Suppose a small capitalist enterprise produces maple syrup in Vermont. The

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QUESTION 4 Questions 4 - 11: Problems Suppose a small capitalist enterprise produces maple syrup in Vermont. The production process in this case involves tapping maple trees that grow deep in forests throughout the state, and collecting the syrup from the trees. The firm owns 100 tapping knives, each of which cost $1,500. The knives aren't very durable, so the firm must replace all of tsive each son. Assume further that the firm owns no other capital goods and use no other materials. The firm also employs 100 workers, since each worker uses one knite. Each worker works 275 hours during the season and collects 12 pints of maple syrup per hour. The current hourly wage is $30. The current market price for maple syrup is $3 per pint. Assume that all output is sold. Calculate the following Total Wages and Benefits QUESTIONS Total Sales Revenues QUESTION O Total Cost of Decenciation and Beplacement QUESTION Capital Goods Owned QUESTIONS Total Profit QUESTION 9 The Proft Rate Be sure to enter your answer as a percentage! QUESTION 10 Suppose now that the firm only needs to replace half of its knives each season Calculate the new profitrate that would result Be sure to enter your answer as a percentage

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