Finish this chart AutoSave OFF 82 C 6Home Insert Draw DesignPasteLGPage 1 of 2Palatino Lin... 10✓ab x₂ x² ABI U318 wordsLayoutA A AaA..References Mailings Review ViewA ab AA AⒸ✓+Q2.WE Assignment Week3Table DesignFÄ↓= =12316×16×¹5×VNumber of Cakes VC MC AVC04English (United States)V3025Q1.Ch 5, Application Question #1, based on the opening chapter case. A few concise sentences is fine.Focus on, how did Diminishing Returns create a problem for MCD's drive-through order takers? Howdid management try to solve the problem?V25LayoutFC50¶TCATCTell me10050125 41.67155 38.75AaBbCcDdEeNormalAaBbCcDdEeNo SpacingAaBbCcDcHeading 1i) 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 thedefinitions for Average, Total, Variable, Marginal, and Fixed costs from the notes or text)ii)Is this firm in a short-run or long-run horizon and how can you tell? Explain in a concise sentence ortwo.FocusShareREDictateStylesPaneSensitivityCommentsEditor+150%

Here, VC variable cost MC marginal cost FC fixed cost TC total cost ATC average total cost AVC…

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)

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)

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

ChapterA: The Use Of Mathematics In Principles Of Economics

Section: Chapter Questions

Problem 3RQ: Exercise A3 What dome slices of a pie chart represent?

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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%
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…
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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 v20
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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 Dollars
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