James is a tomato farmer who grows tomatoes. If James plants…
James is a tomato farmer who grows tomatoes. If James plants no seeds on his farm, then he will have no tomatoes. If he plants 1 bag of tomato seeds, he will get 5 tomato plants; if he plants 2 bags of tomato seeds, he will get 9 tomato plants; if he plants 3 bags of tomato seeds, he will get 12 tomato plants. The cost of a bag of tomato seeds is $120 and he has no other costs. James’s production function exhibits James’s total-cost curve is