f Facebook x Quiz: Econ 201, Fall 2021, Exam : x O Principles of Microeconomics-20 x | C Usnavi Runs A Bodega In Washir x | O Quiz: Practice Exam #2 * | Google Translate x | Douglas Had A Full-time Job As x | + X C sbccd.instructure.com/courses/31959/quizzes/187263/take Fall 2021 D Question 2 20 pts Home Announcements Jackson owns a small massage parlor. He has a lease on his building for $1000 that must be paid weekly whether or not any massages are given that week. He also staffs Modules his parlor with masseuses that he pays 500 per week. The more masseuses on staff, the greater number of massages that can be provided each week. The table below shows the amount of massages that would be provided with various numbers of staff Jackson hires. Discussions Fixed Costs Variable Cost Total Cost Average Variable Grades Masseuses Massages Average Total Cost Marginal Cost Cost HE NetTutor $ $ 0 SBVC Student 1000 O 1000 Resources $ $ $ $ $ $ 1 40 1000 500 1500 12.5 37.5 12.5 $ $ $ $ $ $ ? 2 70 1000 1000 2000 14.29 28.57 16.67 $ 3 90 1000 1500 2500 16.67 27.78 25 Completely fill out the table, please round all answers to the nearest cent. DO NOT ENTER ANY DOLLAR SIGNS or units (Ex. If your calculator says 12.376, just enter 12.38.) If your answer is an even dollar amount, you don't need to include the cents (Ex. you may enter 10 instead of 10.00) D Question 3 10 pts Simply by looking at the table above, do we know how many masseuses Jackson should hire if his goal is to maximize his short run profits? If you do know how many he should hire, how many, and why is that the optimal amount. If you do not think it is possible to tell, why not? What information are we missing in order to determine the profit maximizing outcome? Edit View Insert Format Tools Table 12pt v Paragraph ~ |B I U A v Q V T V Q V B BV DV S|EVE S DO BV VX Q -1 Type here to search 65OF Sunny ~ ENG G 11:12 AM 11/5/2021