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could you please answer questions 1 to 5 E CASE STUDY: FOTHERGILL & SONS Fothergill & Sons manufacture a range of wooden products - mainly

could you please answer questions 1 to 5

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E CASE STUDY: FOTHERGILL & SONS Fothergill & Sons manufacture a range of wooden products - mainly heavy furniture, such as large tables, benches and beds. One of its profitable lines is park benches, which are often sold to local governments. Many of Fothergill's benches are to be found in local council parks. The number of park benches that Fothergill & Sons is prepared to offer for sale at different prices in a year is shown in Table 5.3. PRICE (E) 20 40 60 80 100 120 140 160 NUMBER OF BENCHES P.A. 0 200 400 600 600 1000 1200 1400 Table 5.3 Supply schedule for park benches made by Fothergill & Sons A Park bench CHAPTER QUESTIONS 1 Draw the supply curve for park benches using the data in Table 5.3. 2 How many park benches would be supplied if the price was $110? 900 3 If Fothergill & Sons wanted to supply 1300 park benches per annum, how much would it expect to sell them for? 150 4 Why is supply 0 at a price of $207 joRocnine ofcoupes 5 Discuss whether Fothergill & Sons could supply three times as many park benches

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