Question

Please do it by type not pics,

1.Suppose Debbie notices the following relationship between how many workers she hires to work on her fishing boat, and how much fish her company catches (per day):

Workers | Qty of Fish (in pounds) | Marginal Product | Total Cost | Average Total Cost | Marginal Cost |

0 | 0 | ||||

1 | 120 | ||||

2 | 220 | ||||

3 | 300 | ||||

4 | 360 | ||||

5 | 400 |

a.Use the information in the table to complete the marginal product column. Explain briefly why the marginal productivity might follow this pattern.

b.Suppose Debbie has a fixed cost of $100 per day to rent the boat
and equipment. She must pay each worker $120 per day. Use this
information to complete the total cost, average total cost, and
marginal cost columns in the table. a. Use the information in the
table to complete the marginal product column. Explain briefly why
the marginal productivity might follow this pattern.

Answer #1

1.Suppose you are running your own flower delivery business
(called Here Comes the Bloom) and have the following financial
information (per year): total revenues from sales are $260,000,
labor costs are $85,000, rent is $20,000, materials are $33,000,
vehicle related costs (fuel, insurance, maintenance) are $10,000
and utilities are $7,000. You own the delivery van and could rent
it out for $6,000 per year if you weren’t using it to run your own
business. You have a standing offer to...

mbus, Inc., makes brooms and then sells them door-to-door. Here
is the relationship between the number of workers and Nimbus’s
output in a given day:
In the following table, complete the marginal product
column.
WORKERS
OUTPUT
MARGINAL PRODUCT
TOTAL COST
MARGINAL COST 3.33/ 5.00/ 15.00/ OR
100.00
AVERAGE TOTAL COST 3.33/ 5.00/15.00 OR
100.00
0
0
$
1
20
$
2
50
$
3
90
$
4
120
$
5
140
$
6
150
$
7
155
$
A worker...

3. Use the following table to complete the question.
Workers
Output
Marginal Product
Total Cost
Average Total Cost
Marginal Cost
0
0
1
20
2
50
3
90
4
120
5
140
6
150
7
155
a) A worker costs $100 a day, and the firm has fixed costs of
$200. Use this information, fill in the table.
b) What is the relationship between average total cost and
marginal cost?
c) What is the relationship between marginal product and
marginal...

3. Use the following table to complete the question.
Workers
Output
Marginal Product
Total Cost
Average Total Cost
Marginal Cost
0
0
1
20
2
50
3
90
4
120
5
140
6
150
7
155
a) A worker costs $100 a day, and the firm has fixed costs of
$200. Use this information, fill in the table.
b) What is the relationship between average total cost and
marginal cost?
c) What is the relationship between marginal product and
marginal...

2. Inputs and outputs
Deborah's Performance Pizza is a small restaurant in Denver that
sells gluten-free pizzas. Deborah's very tiny kitchen has barely
enough room for the two ovens in which her workers bake the pizzas.
Deborah signed a lease obligating her to pay the rent for the two
ovens for the next year. Because of this, and because Deborah's
kitchen cannot fit more than two ovens, Deborah cannot change the
number of ovens she uses in her production of...

2. Inputs and outputs
Juanita's Performance Pizza is a small restaurant in Miami that
sells gluten-free pizzas. Juanita's very tiny kitchen has barely
enough room for the four ovens in which her workers bake the
pizzas. Juanita signed a lease obligating her to pay the rent for
the four ovens for the next year. Because of this, and because
Juanita's kitchen cannot fit more than four ovens, Juanita cannot
change the number of ovens she uses in her production of...

1.For a competitive, profit-maximizing firm, the labor demand
curve is the same as the
Group of answer choices
marginal revenue curve.
marginal product curve.
marginal cost curve.
marginal revenue product curve.
2.Scenario 21
Gertrude Kelp owns three boats that participate in commercial
fishing for fresh Pacific salmon off the coast of Alaska. As part
of her business she hires a captain and several crew members for
each boat. In the market for fresh Pacific salmon, there are
thousands of firms...

Inputs and outputs
Poornima's Performance Pizza is a small restaurant in San
Francisco that sells gluten-free pizzas. Poornima's very tiny
kitchen has barely enough room for the three ovens in which her
workers bake the pizzas. Poornima signed a lease obligating her to
pay the rent for the three ovens for the next year. Because of
this, and because Poornima's kitchen cannot fit more than three
ovens, Poornima cannot change the number of ovens she uses in her
production of...

Please answer the following Case
analysis questions
1-How is New Balance performing compared to its primary rivals?
How will the acquisition of Reebok by Adidas impact the structure
of the athletic shoe industry? Is this likely to be favorable or
unfavorable for New Balance?
2- What issues does New Balance management need to address?
3-What recommendations would you make to New Balance Management?
What does New Balance need to do to continue to be successful?
Should management continue to invest...

Juanita is deciding whether to buy a skirt that she wants, as
well as where to buy it. Three stores carry the same skirt, but it
is more convenient for Juanita to get to some stores than others.
For example, she can go to her local store, located 15 minutes away
from where she works, and pay a marked-up price of $129 for the
skirt:
Store
Travel Time Each Way
Price of a Skirt
(Minutes)
(Dollars per skirt)
Local Department...

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