Workers Pizza Fixed cost in $ per day per day Variable cost in S TC per day 400 per day [25 (75 400 200 6 00 750 850 400 350 450 115 400 145 400 600 lo00 1200 170 400 800 8. Referring to the table above, when the second worker is hired, the marginal cost per pizza is equal to: a) $3 b. $75 750-600 75-25 150 ATC %3D 5u C. $50 d. $150 Duutp Dout 際ATC
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- PLANT OUTPUT (TONS) CAPITAL ($) LABOUR (HOURS) 1 605.3 18,891 700.2 2 566.1 19,201 651.8 3 647.1 20,655 822.9 4 523.7 15,082 650.3 5 712.3 20,300 859.0 6 487.5 16,079 613.0 7 761.6 24,194 851.3 8 442.5 11,504 655.4 9…Question 1A. Jamaica Biscuit Company produces 8000 cases of water crackers weekly. Based onthe company’s production costs throughout the years, they figure that it will cost them$40.00 to make a case of water cracker. There will also be a cost for running theequipment for an entire week that they figure to be $5400, regardless of how many casesof water crackers they make.i. Derive the cost function for the company for a week. ii. What is the company’s total cost for a week? iii. If the company decides to sell its 8000 cases of water crackers for $70 each. Derivethe company’s revenue function and then calculate its total revenue for the week?iv. Derive the company’s profit function. v. What is the company’s profit or loss for a week? vi. How many cases of crackers must be sold for the company to make a profit of $747, 600? vii. At what point does the company break-even?1. Suppose Firm A has a budget of P1.5 million pesos in outsourcinginputs, labor and machines, that would lend support in its 1 yearoperation. Suppose further that the cost of labor for 1 year is P150,000and for a machine is P200,000. If it decides to hire 6 laborers, howmany machines would it accept?