3. Imagine that you are a manager at an Amazon warehouse. You have some workers and some portable scanners used to inspect and scan packages. There are diminishing retums to the productivity of this work. If one worker uses one scanner, she can scan 1,800 packages per hour. Two workers sharing a scanner can scan 3,300 packages per hour. Three workers sharing a scanner can together scan 4,200 packages per hour. And four workers sharing a scanner can together inventory 3,100 packages per hour. Scanners cost $200 each and you must pay each worker $15 per hour Complete the table using the information above. #of Employees Three? Total Output Fixed Costs Variable Costs If you assign one worker per computer, what is the cost of inspecting and scanning a single package? (Average Total Cost) What if you assign two workers per computer? Four? How many workers per scanner should you assign if you wish to minimize the cost of scanning a single item (average total cost)? 4. Mr. Robinson runs a small bakery He hires one helper at Pays annual rent of Purchases materials costing He has invested his own savings of $40,000 to buy equipment that could be eaming him: He has been offered a job at a competitor that p He estimates his other talents are worth Total Revenue from his bakery is equal to Total Cost Calculate his ACCOUNTING PROFIT: ECONOMIC PROFIT $12,000 per year $5,000 for his shop $20,000 per year $4,000 per year $15,000 per year $3,000 per year $72,000 per year