(40 Points) Note: Be sure to answer all parts to the questions and show your work. soullai lard 1. I am already looking forward to spring even though winter is not here yet. February 2nd is "Groundhog Day". On this day, a groundhog, also known as a woodchuck, is supposed to determine whether we will have six more weeks of winter, or if spring is on the way sooner, based on if it sees its shadow. conquered vem boilourto There is also a riddle about woodchucks and chucking (throwing) wood that goes: How much wood would a woodchuck chuck if a woodchuck could chuck wood? The answer: A woodchuck would chuck all the wood he could chuck, if a woodchuck could chuck wood If this is true how much wood could a woodchuck chuck? To find out, suppose you joined a wildlife biologist and measured the wood chucking activities of woodchucks. From this research, you developed the following mathematical relationship to describe the amount of wood a woodchuck chucks over time. 2 Saidi svoidos y = 2012 - $3 Where y = total amount of wood chucked (1bs.) in one day, and t = time (hours) spent chucking wood. . Since there are only 24 hours in a day, the most time the woodchuck could spend chucking wood is 24 hours. Using this additional information as a constraint to the amount of time available for wood chucking, derive and plot the TPP, APP and MPP curves using Microsoft Excel (plot TPP on one graph and APP and MPP on a second graph) asdmu What is the maximum amount of wood a woodchuck could chuck in one day? How many hours does the woodchuck chuck wood to chuck that much wood? c. Discuss how time influences the amount of wood chucked by the woodchuck (i.e., can the woodchuck chuck the same amount of wood each hour of the day?). Explain why this result may make sense. d. Show that the elasticity of production has the characteristics such that Ep > 1 in Stage I and Ep