I need help with these problems.

2. (15 points) Fill in the chart below where the producer keeps increasing his inputs by 1. Employees Units of Output Total Cost Marginal Cost Marginal Product N/A 0 0 0 N/A 1 15 15 180 12 29 14 N 360 12.86 3 42 13 540 13.85 4 54 12 720 15 5 65 11 900 16.36 6 75 10 1,080 18 7 84 9 1,260 20 1 8 92 00 8 1,440 22.5 9 99 7 1,620 25.71 IA (This relates seemingly disparate topics across this course. We will combine the idea of complementary goods with demand shifts, and see how the subsequent price changes cause different production decisions in the market for the complementary good.) It turns out that the producer was making hot dogs and the price of hot dog buns has skyrocketed. Due to an increase in price of this complementary good, demand for hot dogs has fallen. With the new demand curve, the equilibrium price for a package of hot dogs has fallen to $12. Given this new information and the previous information in problem #2, how many pockages of hot dogs (l.e. units of output) will be made in this case? Assume it is a perfectly competitive market. 1 IB Given the new information in problem #9 and the previous information in problem #2. how many employees will the hot dog producer hire? 10 Given the new information in problem #9 and the previous information in problem #2, how much will total revenue be? ssume it is a perfectly competitive market. ID Given the new information in problem #9 and the previous information in problem #2, how much will total cost be? Assume it is a perfectly competitive market. 1217 12 tv B AM 2. (15 points) Fill in the chart below where the producer keeps increasing his inputs by 1. Employees Units of Output Total Cost Marginal Cost Marginal Product N/A 0 0 0 N/A 1 15 15 180 12 29 14 N 360 12.86 3 42 13 540 13.85 4 54 12 720 15 5 65 11 900 16.36 6 75 10 1,080 18 7 84 9 1,260 20 1 8 92 00 8 1,440 22.5 9 99 7 1,620 25.71 IA (This relates seemingly disparate topics across this course. We will combine the idea of complementary goods with demand shifts, and see how the subsequent price changes cause different production decisions in the market for the complementary good.) It turns out that the producer was making hot dogs and the price of hot dog buns has skyrocketed. Due to an increase in price of this complementary good, demand for hot dogs has fallen. With the new demand curve, the equilibrium price for a package of hot dogs has fallen to $12. Given this new information and the previous information in problem #2, how many pockages of hot dogs (l.e. units of output) will be made in this case? Assume it is a perfectly competitive market. 1 IB Given the new information in problem #9 and the previous information in problem #2. how many employees will the hot dog producer hire? 10 Given the new information in problem #9 and the previous information in problem #2, how much will total revenue be? ssume it is a perfectly competitive market. ID Given the new information in problem #9 and the previous information in problem #2, how much will total cost be? Assume it is a perfectly competitive market. 1217 12 tv B AM