Focus on, how did Diminishing Returns create a problem for MCD's drive-through order takers? How did management try to solve the problem? Q2. Number of Cakes VC MC 0 1 2 3 4 HM 30 AVC 25 25 FC 50 TC 100 125 155 ATC 50 41.67 38.75 i) Consider the cake-maker above. Fill in the table and show equations used in the space below. (Hint: You can start with any cell with an answer and fill in the others in any direction, like a sudoku. Use the definitions for Average, Total, Variable, Marginal, and Fixed costs from the notes or text)
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- ECON 2100 OL HW14 Compatibility Mode v Home Insert Draw Design Layout References Mailings Review View Share O Comments Times New... 12 v A^ A° Аa v AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdE AaBbCcDc AaBbCcDdEe AaBbCcDdEe > No Spacing Styles Pane Paste v ab x, x' A Title Subtitle Subtle Emph... Sensitivity В I U Normal Heading 1 Heading 2 * Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates 2. The table shows levels of employment (Labor), the marginal product at each of those levels, and a monopoly's marginal revenue. Labor Marginal Product of Labor Price of the Product 1 10 $10 8 $7 3 7 $5 $4 3 $2 1 $1 a. What is the monopoly's marginal revenue product at each level of employment? b. If the monopoly operates in a perfectly competitive labor market where the going market wage is $20, what is the firm's profit maximizing level of employment? Page 1 of 2 653 words English (United States) Focus + 268% 4-W ECON 2100 Compatibility Mode Home Insert Draw Design Layout References Mailings Review View Share O Comments v A^ A^ Аa v E - E v E v E E Times New... 12 AaBbCcDdE AaBbCcDdE AaBbCcDc AaBbCcDdE AaBbCcDc AaBbCcDdEe > AaBbCcDdEe Paste A A Subtle Emph... Styles Pane Sensitivity В U v ab X2 Normal No Spacing Heading 1 Heading 2 Title Subtitle 4. Exhibit 17-8 represents the consumer market for higher education. Exhibit 17-8 dollars per year marginal cost 45,000 40,000 35,000 30,000 5,000 20,000 marginal social benefit 15,000 10,000 marginal private lubdnefit 1 3 4 7 years of higher education a. If people base their education decisions only on the marginal private benefit of education, how many years of education will they choose to get? Page 7 of 7 1692 words English (United States) Focus 225%AutoSave W- q5 micro OFF Home Insert Draw Design Layout References Mailings Review View Share O Comments Calibri (Bod... v 11 A^ A Аa v AaBbCcDdE AaBbCcDdEe AaBb( AaBbCcDc AaBbCcDdE€ AqBbCcDdEe > Paste A A No Spacing Subtle Emph... Styles Pane Sensitivity v ab X, Subtitle U Normal Heading 1 Heading 2 Title * Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates Consider a monopolist that produces coal for energy, with demand curve defined by P = 190 – 20 and marginal cost given by MC = 10 + 2Q. Also, the firm's average total cost is ATC = 100/Q + Q+ 10. (Price and costs are in dollars per tonne of coal, while quantity is in thousands of tonnes.) Calculate the monopolisť's profit-maximizing quantity, price, and profit. For a monopoly, profit maximization occurs where the marginal revenue equals the marginal cost. a. b. What would be the competitive output and price if this monopolist operated as a competitive firm?…
- References Mailings Review View Design Layout 三 外|T AaBbCcD AaBbCcD AaBbCcD AaBbCcD AaBbCcD AaBbCcDd AaR A A Aa - A-ツ,A Bulleted Invis Bullets Large_Spa.. Name Date T Normal Points Que Paragraph Styles Form Time Possession Place At the time just Christmas, such feature is made to increase the purchase by The craft store will be the only place to get the best wrapping for gifts Christmas wrapping Cash Christmas wrapping paper in a clearance bin at a craft store in January is perfect for wrapping the gifts. consumer Hearing aid batteries at the gift shop on a cruise Umbrellas at an outdoor sporting event Firewood bundles at the visitors center at the state park Outdoor sporting event describes a place State park is an place 8. Describe a purchase you made recently How did you use the four types of economic utility when making your purchase?I recently purchased shoes according to four types of utility Form of the shoes is important, it depends weather I want which form of shoes and that…dont use chat answer and correct answwer i will 10 upvotescom plate the table RoulNDOFF youk TFC FC TVC AVG te AtC Md AXISCNER TO THE NESREST HUNDREDTH Quantito Out' put 10 200 4 10 125 42 95 A SHOT ON OPPO A. דLAN NT
- Set up the objective function and the constraints, but do not solve. Wison Electronics produces a standard Blu-ray player and a deluxe Blu-ray player. The comoany has 2900 hours ef isbor and 18,000 in aperatng espenses availanle each week It takes b5 hours to produce a standard Blu-ray player and 6 hours to preduce a deluxe Blu-ray player Each standard u-ray player casta 15, and each deluxe Biu-ray player costs SI36 The company is requred to produce at least 25 standard Blu-ray players. The company makes a profit of $32 for each standard u-ray plaver and $26 for each delue Blu-ray playen How many of esch type of Blu-ray plarer should be preduced to masimie profe? (Let represent the number of standard Blu-ray players, y the number of deluve Bla-ray piayers, and z the prot in dolars) Maxinie sutject to labor operating expense required standard Bu-ray players v20Sunpose fnduce x and y The outut uf mo prucduct of frm preducung hoo C = 250x2 +120y². AsSummg 4144.wing Lag rangjar a joint CUrt funchon given as %3D U resmcted at mulhplier Fechnique- ind he amount X and y That will minimnel. Cost and Compute i Ihs of changng thi Optimal combinahon amount Uf boin puelucts Cast MSO examme he cost implcahors Jo as w prduce equal 2800 50I need answer typing clear urjent no chat gpt i will give 10 upvotes
- W ECON 2100 Compatibility Mode Home Insert Draw Design Layout References Mailings Review View Share O Comments Times New... 12 v A^ A^ Аa v AаBbСcDdE AaBbCcDdE AaBbCcDc AaBbCcDdE AaBbCcDc AaBbCcDdEe AaBbCcDdEe > Subtle Emph... Styles Pane Paste U v ab x, x A evAv No Spacing Sensitivity Normal Heading 1 Heading 2 Title Subtitle 4. Exhibit 17-8 represents the consumer market for higher education. Exhibit 17-8 dollars per year m arginal cost 45,000 40,000 35,000 30,000 5,000 20,000 marginal social benefit 15,000 10,000 marginal private .६.१.१२ 13३६४/६३२० siaefit 1 2 3 4 5 6 9 years of higher education a. If people base their education decisions only on the marginal private benefit of education, how many years of education will they choose to get? b. What is the socially optimum number of years of education people should get? c. If the government decides to provide a subsidy to every student in order to encourage them to get the socially optimal number of years of education, how much, per…There are two approaches to determine profit maximizing level of output (1) total revenue - total cost approach and (ii) marginal revenue-marginal cost approach. In light of the marginal revenue-marginal cost approach and the following graph, at the profit-maximizing output, total profit is: MC MR ATC AVC Dollarspls solve this ques with explanation in 20 minutes i'll give you multiple upvotes