Your friend will graduate next year from CUD. After taking all her entrepreneurship courses she decided to open a flowers arrangement business, that creates and sells floral arrangements for various occasions. In her first week she was able to sell 200 assorted flowers bouquet. In the second week, her Midterms exams starts and has to take time out to prepare for them submit projects and be ready for her finals, so she was able to sell only 100 additional bouquets. In the third week, she settles into a pattern of 60 additional bouquets per week, which she can maintain for a fourth, fifth, and sixth week. In the seventh week, she's exhausted and can only finish 40 additional bouquets. a. Complete table 1 to show the number of weeks worked and the marginal and total number of aquarelles produced.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

urgent please3

Your friend will graduate next year from CUD. After taking all her entrepreneurship courses she
decided to open a flowers arrangement business, that creates and sells floral arrangements for
various occasions. In her first week she was able to sell 200 assorted flowers bouquet. In the
second week, her Midterms exams starts and has to take time out to prepare for them submit
projects and be ready for her finals, so she was able to sell only 100 additional bouquets. In the
third week, she settles into a pattern of 60 additional bouquets per week, which she can
maintain for a fourth, fifth, and sixth week. In the seventh week, she's exhausted and can only
finish 40 additional bouquets.
a. Complete table 1 to show the number of weeks worked and the marginal and total
number of aquarelles produced.
Table 1
Number of Weeks
worked
1
2
3
4
5
6
7
Marginal return to additional
week of work
Total Quantity of the
flowers bouquet
Transcribed Image Text:Your friend will graduate next year from CUD. After taking all her entrepreneurship courses she decided to open a flowers arrangement business, that creates and sells floral arrangements for various occasions. In her first week she was able to sell 200 assorted flowers bouquet. In the second week, her Midterms exams starts and has to take time out to prepare for them submit projects and be ready for her finals, so she was able to sell only 100 additional bouquets. In the third week, she settles into a pattern of 60 additional bouquets per week, which she can maintain for a fourth, fifth, and sixth week. In the seventh week, she's exhausted and can only finish 40 additional bouquets. a. Complete table 1 to show the number of weeks worked and the marginal and total number of aquarelles produced. Table 1 Number of Weeks worked 1 2 3 4 5 6 7 Marginal return to additional week of work Total Quantity of the flowers bouquet
b. Sketch your friend's total product curve, where the variable input is the time she
spends, and the output is the total number of the flowers bouquets. (use excel for your
graph)
Transcribed Image Text:b. Sketch your friend's total product curve, where the variable input is the time she spends, and the output is the total number of the flowers bouquets. (use excel for your graph)
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Costs
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education