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1. Question 1 0.67 pts Sue quit her $43,952 per yearjob and opened a coffee shop that she calls Top Brew. In the rst year,
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Question 1 0.67 pts Sue quit her $43,952 per yearjob and opened a coffee shop that she calls Top Brew. In the rst year, Top Brew earned $228,971 in revenue. For the same year, Top Brew paid $81,114 to employees in wages, spent $35,067 on ingredients such as coffee beans, $14,505 rent for the building to house Top Brew. Sue also used $54,546 of her personal savings to purchase equipment for Top Brew, which she was earning $4,650 in interest each year. Assuming no depreciation in the value of the equipment, Sue's economic prot from Top Brew for the year is $ Just enter a value. Do not include the "$" sign. D Question 7 0.67 pts Total Labor product (workers per day) (pizzas per day) The above table shows the total product of producing pizzas. The marginal product of the 3rd worker is equal to _____ pizzas. D Question 8 0.67 pts Total Labor product (workers (pizzas per day) per day) 0 0 4 2 10 3 18 4 23 5 27 The above table shows the total product of producing pizzas. Diminishing returns begins when the pizzeria hires the v [ Select ] worker. first third second fourth Previous fifth NextD Question 9 0.67 pts Labor Output (workers (pizzas per day) per day) Patti's Pizza production function is shown in the above table. Patti rents three ovens for $37 a day each and hires workers at a wage rate of $21 a day. If Patti produces 16 pizzas per day, then her average total cost is $ Just enter a value. Do not include the "$" sign. Round your answer two decimal points. For example, 0.51 or 12.30. D Question 10 0.67 pts Total Labor product (workers , (pizzas Patti's Pizza production function is shown in the above table. Patti rents three ovens for $36.33 a day each and hires workers at a wage rate of $22.33 a day. If Patti increases her production of pizzas from 18 to 23 pizzas per day, then her marginal cost is $ _______ . Just enter a value. Do not include the "55" sign. Round your answer two decimal points. For example, 0.51 or 12.30Step by Step Solution
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