6. Your friend has discovered a secret formula that lets people do an hour's worth of studying in 5 minutes. So far, he has sold 100 doses, and faces the following average total cost schedule: ATC Tk. 99 Q 99 100 Tk. 100 101 Tk. 101 If a new customer offers to pay your friend Tk. 150 for one dose, should he make one more? Explain

6. Your friend has discovered a secret formula that lets people do an hour's worth of studying in 5 minutes. So far, he has sold 100 doses, and faces the following average total cost schedule: ATC Tk. 99 Q 99 100 Tk. 100 101 Tk. 101 If a new customer offers to pay your friend Tk. 150 for one dose, should he make one more? Explain

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter16: Information, Risk, And Insurance

Section: Chapter Questions

Problem 20CTQ: A website offers a place for people to buy and sell emeralds, but information about emeralds can be...

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Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote
Answer both please otherwise I will give dounvote
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/16 I tried this but failed can smoneone explain to me
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Please do only the last one (and please not that beef profuction = 8 as it says in the problem)
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 $104 for the skirt: Store Travel Time Each Way Price of a Skirt (Minutes) (Dollars per skirt) Local Department Store 15 104 Across Town 30 87 Neighboring City 60 80 Juanita makes $36 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $36 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by computing the opportunity cost of Juanita's time and the total…
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