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Danny Is producing and selling jigsaw puzzles. Below are the graphs of marginal cost, average cost, and average variable cast for producing puzzles. 16 dollars
Danny Is producing and selling jigsaw puzzles. Below are the graphs of marginal cost, average cost, and average variable cast for producing puzzles. 16 dollars per puede quantity (parades) 3.) What is the total cost to produce 31 puzzles? Include units. |310 dollars What is the variable cost to produce 31 puzzles?' Include units. 93.2 dollars Use these two values to compute Danny's fixed cost. Include units. 2108 dolars b.) From the graph of MC, we see that MC(7)-6. Which of the following are true? Select all that apply. It costs $6 to produce the 8th puzzle. The slope of the secant line through the TC graph at q-7 and q-8 Is 6. 10(8)-10(7)-6 8-7 It costs $6 to produce the 7th puzzle. 7-6 It costs an average of $6 per puzzle to produce 7 puzzles. The slope of the secant line through the MC graph at q-7 and q-8 is 6. * () What are Danny's shutdown price and breakeven price? shutdown price: 3.1 dollars per puzzle breakeven price: 8.2 dollars per puzzle d.) Suppose Danny sells his puzzles for $10 each. Sketch the graph of marginal revenue on your copy of the graph above. Give the longest interval on which profit is increasing. from 4- 2 to 46 puzzles 2.) What is Danny's maximum possible profit? Include units. 24 dollarsAC 16 14 12 MR dollars per parade 10 24 6 8 10 17 14 16 15 20 27 24 26 26 30 23 34 36 35 40 47 44 46 48 quantity (pales)
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