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- What are diminishing marginal returns as they relate to costs?SOLVE STEP BY STEP IN DIGITAL FORMAT The company Cielito S.A. It manufactures clothing for older adults and has a large presence in Mexico, due to the comfort and good taste of its garments. It has 60 seamstresses who work 8 hours a day; Indirect manufacturing expenses are $9,500.00 MXN. Every day Cielito S.A. produces 1,500 garments. The cost per hour of labor is $55.00 MXN. With this data, you must calculate: a. Labor or labor productivity. b. The productivity of manufacturing indirect expenses. c. The total productivity of Cielito S.A.Hi! I am stuck on this question, can you try to write the answer in a complete way and include any graphs that are asked for? Thank you in advance!
- a.Calculate the total and the average productivity from the following information. b.Plot the total productivity curve as well as the marginal and the average productivity curves. Number of workers Marginal product 1 5.0 2 8.0 3 12.0 4 14.0 5 13.5 6 12.0 7 10.0 8 8.0 9 5.0 10 3.5 11 1.5 12 0.0a. What is optimization? How does it blow up the myth about profit being a result of a mere increasedecrease interplay between cost and revenue? b. How much should a firm sell of a particular product in order to maximize profit? What factor does it have to consider in arriving at this decision? c. “More Sales, More Profits”. Do you agree? Explain your answercharlie is running a coffe shop and are currently selling 200 coffees. it cost them 2,0000 to hire a graphic designer to make a logo for their shop, 800 for coffe beans at this level of profuction, and 40,000 to lease out the building for the coffe shop for a year. what is charlies average variables cost ?
- I’m unsure what the formula in this example problem is asking for, in terms of how to answer a-c. Im also not positive I understand how to graph I-C and P-C curves is there a formula to follow?Answer in reference to diagramConsider a production function Q=5K0.75L0.25 , target level of production=5000, cost of labor= 0.5 and rental cost of 0.10. The optimal amount of labor is ____ labor units. Show complete solution pls help me
- Give only typing answer with explanation and conclusion.10. A linear programming problem has two constraints 2X + 4Y ≥ 100 and 1X + 8Y ≤ 100, plus non-negativity constraints on X and Y. Which of the following statements about its feasible region is TRUE? Select one: a. The graphical origin (0, 0) is in the feasible region. b. The feasible region is triangular in shape, bounded by (50, 0), (33.3333, 8.3333), and (100, 0). c. There are four corner points including (50, 0) and (0, 12.5). here are four corner points including (50, 0) and (0, 12.5). d. The feasible region cannot be determined without knowing whether the problem is to be minimized or maximized. e. The two corner points are (0, 0) and (50, 12.5).USeP Graduating students can improve their prospects of employment after graduation either by getting higher grades or by devoting time to application with different prospective employers. i. To conceptualize this problem, use the isocost-isoquant diagram. What will be plotted on the x-y axis. How is output defined? ii. Would you expect that many graduating students would prefer to devote their time on either grades or interviews but never a combination of both? Explain.
