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As an IT manager, you must decide how to allocate programmers between support-that is, doing bug fixes and responding to production issues-and the development of

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As an IT manager, you must decide how to allocate programmers between "support"-that is, doing bug fixes and responding to production issues-and the development of new features and systems. Both tasks are measured in completed "tickets," and for each activity, the weekly average product, total product, and marginal product are given in the accompanying table. You do a work study and discover that the marginal product for Support team is actually a flat 50 tickets a week. What then becomes the best allocation of teams? Instructions: Enter your answers as whole numbers. Number of Support Development Teams AP TP MP AP TP MP 0 0 0 0 0 1 75 75 75 48 48 48 N 75 150 75 45 90 3 42 75 225 75 42 126 36 75 300 75 39 5 156 30 75 375 75 35 175 19 Development: team(s) Support: team(s)How is an isoquant map like an indifference map? They are equivalent mathematically. O They measure the same thing. In what important respect do the two constructs differ? O Production is measured ordinally, but utility is an objective value. O One can measure production numerically but utility is a subjective value.A monopolist has a demand curve given by P= 100 - Q and a long-run marginal cost curve of MC = $20. Find the monopolist's profit- maximizing quantity and price. Find the efficiency loss from this monopoly. Instructions: Enter your answers as whole numbers. Profit-maximizing price: $ Profit-maximizing quantity: Efficiency loss: $

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