6. The relationship between marginal product and marginal cost Antonio's Burrito Stand is a small restaurant that sells burritos. For Antonio, stoves are a fixed input and workers are variable inputs. Assume that labor is Antonio's only variable cost. Antonio has a fixed cost of $50 per day and pays each of his workers $50 per day. Antonio's total product schedule and total cost at each level of labor are presented in the following table. Fill in the blanks to complete the Marginal Physical Product of Labor column for each worker and the Marginal Cost column at each level of labor. (Hint: Marginal cost is the change in total cost divided by the change in the quantity of output. You can calculate it here by dividing the increase in total cost from hiring one more worker by the marginal physical product from hiring one more worker.) Quantity of Labor Quantity of Output (Workers) (Burritos per day) 0 1 2 3 4 5 0 25 75 100 110 115 Marginal Physical Product of Labor (Burritos per day) 25 50 25 10 5 Total Cost (Dollars per day) $50 $100 $150 $200 $250 $300 Marginal Cost (Dollars per burrito) When hiring the first and second workers, Antonio's Burrito Stand faces diminishing marginal returns to labor. Over the range of workers for which the marginal product of labor is decreasing, Antonio's Burrito Stand faces increasing $50.00 $50.00 $50.00 $50.00 $50.00 marginal cost.

I am almost positive my answer is right. Is it?

Imagine you are the mayor of a town and you are trying to decide if you should pay for a fireworks show. Your staff survey your 400 citizens who say that they each value a fireworks show at $10. The fireworks show only costs $3,000 so you put on the show but when you ask for donations to pay for the fireworks you only receive $25 total. What does this result show? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. You staff's survey must have overestimated the value of a fireworks show. b The fireworks cost must have been greater than their economic benefit. The firework show suffered from the Tragedy of the Commons problems d The town's citizens were free-riders.

can you please help with part D the last two questions, thank you.