Given the information in the table below, graph the marginal cost of labor for a monopsony firm. Plot only the points that can be gathered from the table. Supply of Labor 1 |2 3 4 5 |$1 per $2 per $3 per $4 per $5 per |hour |Wage Rate |hour hour |hour |hour Total Cost of Labor $1 $4 $9 $16 $25 Marginal Cost $1 of Labor $3 $5 $7 $9 Provide your answer below: (4.5, 7) -6- (4.5, 4.5) -4 (3, 3.5) (1,5, 2.5) -2- (0.5, 1.5) MC of Labor

Suppose that a furniture manufacturer makes chairs, sofas, and tables. Consider the following chart of labor hours required and available. Chair Sofa Table Daily labor available (labor- hours) 3 8 =III 1 2 6 0 The profit per chair is $50, per sofa $40, and per table $80. How many pieces of each type of furniture should be manufactured each day to maximize the profit? Carpentry Finishing Upholstery 6 1 2 720 144 228

The circle graph shows how the annual budget for a company is divided by department. If the total annual budget is $10,000,000, what amount is budgeted for Sales? Editorial Support 12% Research 5% 21% Media 10% Marketing 13% Sales 39% 2021 McGraw-Hill Education. All Rights Reserved Terms of Use Privacy Accessibility F4 F7 %2$4 & 4

A parking garage bases its prices on the number of hours that a vehicle parks in the garage. 14 13 12 11 10 9 8 Total 7 Cost 6 (Dollars) 5 4 3 2 1 0 1 2 3 4 5 6 7 8 9 10 Number of Hours Based on the graph, what is the pricing scheme the parking garage uses for vehicles? The first two hours cost $2, between two hours and six hours cost $2 per hour, and all hours after that cost $1. The first two hours cost $2, between two and four hours cost $1 per hour, and all hours after that cost $0.50. The first two hours cost $1 per hour, between two hours and six hours cost $2 per hour, and all hours after that cost $1. The first two hours cost $1 per hour, between two hours and six hours cost $1 per hour, and all hours after that cost $0.50.