Use the following graph to illustrate the relationship between the cost per bag of potato chips and the quantity of potato chips produced if it has a minimum point at $4 a bag and 5 bags. Use the line tool to draw the relationship, and then put a point to show the minimum point. >>> Draw only the objects specified in the question.

Suppose that Maria is starting a food ordering and delivery company. Customers order meals online. Employees prepare the meals and deliver them to customers. Maintenance of the online platform for ordering meals costs the company $5/day. The company also rents spave where orders are prepared. Rent costs $50/day. To make the deliveries, the business also rents two delivery cars the cost $10/day. The costs of ingredients for preparing different numbers of meals are $50. Maria also has to hire between 0-10 workers to buy ingredients, prepare meals, and deliver the orders. She pays them $120/day. The first two columns of the table below shows how many meals different number of workers can prepare and deliver.  Suppose that a minimum wage is introduced. To comply the new law, Maria has to start paying the workers $140/day. How many meals does the business have to deliver to earn the highest possible profit? Answer by filling out the table.  Suppose that the price/meal Maria charges…

A measure calculated by taking the ratio of output to input.

6. Define Minimum Average Cost and Efficient Scale.