a) Fill in the marginal output column of the following table. Instructions: If you are entering any negative numbers, be sure to include a negative sign (-) in front of those numbers. Number of workers Total Output Marginal Output O O O 3 8 14 21 28 33 36 37 35 30 11 21 b) Diminishing returns set in with the (Click to select) v : worker. Click to select c) Negative returns set in with the (C| 6th orker. /th 4th 5thSuppose that at three units purchased, marginal utility is $8 and total utility is $30. If the marginal utility of the fourth unit purchased is $6, how much is the total utility of four units? Marginal ultility: $Fill in the table. Output Fixed Cost Variable Cost Total Cost Marginal Cost O $1,000 $1,000 $150 $1,000 $270 U D W N - $1,000 $370 $1,000 $500 $1,000 $700Saved A firm has a fixed cost of $2,500. At one unit of output variable cost is $3,400. a) Find total cost at zero units of output. $ b) Find marginal cost at one unit of output. $A firm has a fixed cost of $1,000. At one unit of output variable cost is $1,200. (a) Find total cost at zero units of output. $ (b) Find marginal cost at one unit of output. $There is a dollar sale on neckties. You buy 10. Estimate your consumer surplus if you would have been willing to pay $10 for the first tie, $9 for second, $8 for the third, and so forth. A reasonable estimate of your consumer surplus from the ten ties is $You are willing to pay $25 (but not a penny more) for a half-hour massage. At the end of your session, the masseur offers a second half-hour session for $20. After thinking about it a little while, you agree. (a) How much is your total utility from the two massages? Total utility: $ (b) How much is your consumer surplus if you get two half-hour messages? Consumer surplus: $You're in the desert on an extremely hot day and become quite thirsty. Luckily you come upon a stand where they're selling bottled water. You would be willing to pay $10 for the first bottle, $5 for the second bottle, and $1 for the third. Luckily they're charging just a dollar. (a) How many bottles do you buy? Number of bottle(s): (b) How much is your marginal utility from the third bottle? Marginal utility: $ (c) How much is the total utility you will get from the three bottles? Total utility: $[ (d) How much is your consumer surplus? Consumer surplus: $a) Fill in the marginal output column of the following table. Instructions: If you are entering any negative numbers, be sure to include a negative sign (-) in front of those numbers. Number of workers Total Output Marginal Output O O O 1 - 3 8 IN 14 21 28 33 36 37 9 35 10 30 21 b) Diminishing returns set in with the (Click to select) | worker. c) Negative returns set in with the (Click to select) v | worker. (Click to select) 11th 9th 8th 10thKirsten pays $2 for a bottle of water. Explain how it's possible for her to be enjoying a consumer surplus. A W Price ( in dollars) N D 1 2 3 4 5 Quantity Demanded Kirsten will most likely purchase bottles at $2.00 per bottle. The position of her demand curve indicates Kirsten will receive $ of consumer surplus from her water purchase.ok 140 MC 130 120 ATC 110 Select AVC Price ($) Select 30 0 2 4 6 8 10 12 14 16 18 20 22 Output