-practical solving Tyge Opportunity cost: what is the maximum amount of candy canes they can jointly produce, given that the two firms are contracted to produce 1448 units of truffles Ferrero candy 1140 570 285 0 truffles 0 400 600 800 Mondelez candy 480 240 120 0 truffles 0 600 900 1200

I am trying to answer number 5 with the table provided. I was provided in my lesson with the equation MU1/P1=MU2/P2 but I am having trouble trying to figure out what Numbers to plug into the equation from the table.

Complete the first step in determining the sum of 2323 and 2929. 2/3+2/9 =  =  =         The final, simplified sum of these two fractions is 8/9 .

A merchant who sells newspapers and magazines at the corner kiosk heard you manage the Times’ inventory and asks for your advice. She has a small, variable number of customers who daily purchase the Chicago Sun Times. In order to get the newspapers in time, she has to place an order for the next day’s newspapers before noon. She pays $0.50 for each newspaper and sells them for $1.50 each. She has kept detailed records of her past sales of the Chicago Sun Times and estimates that 10% of the time she sells 10 newspapers, 40% of the time she sells 11, 30% of the time she sells 12, and 20% of the time she sells 13. (a) What is the merchant’s marginal profit and marginal loss? (b) Determine how many Chicago Sun Times newspapers she should buy every day to maximize expected profits. (c) Calculate the merchant’s expected profits for the optimal order quantity. (d) The merchant has always purchased 13 newspapers, thinking that the best way to maximize profits was to always meet the demand.…