I am trying to solve number 6 all three parts and I wrote everything out, however I am using the previous problem 5 vc and fc costs, as he did not include anything with problem 6.I am getting an mc of.5 on all 3, and I am assuming that he can produce any quantity at those given market prices(see photo for homework)or it is limited for example at $5 for quantity of 270. please help me i am lost and my teacher is of no help. + IIParagraphStylesE Center Align RightEJustify SelectO FindPage Number Page Color Margins#:suibiey4.5.5) The production function for Rodrigo's Frozen Yogurt is given in Problem 4.Rodrigo pays each of his workers $80 per day. The cost of his other variable inputs is$40.50per yogurt cup. His fixed costs are $100 per day.a) What is Rodrigo's variable cost and total cost when Rodrigo produces 110cups? Please calculate the variable and total cost for every level of outputgiven in Problem 4b) Draw Rodrigo's variable cost curve. On the same diagram, draw the total costcurve.C.c) What is the marginal cost per cup for the first 110 cups of yogurt? For the next90 cups? Please calculate the marginal cost for all remaining levels of output.6) Suppose the price of yogurt is given to Rodrigo in the competitive market in whichRodrigo operates (i.e., Rodrigo cannot change the price). How much yogurt willRodrigo choose to produce if Rodrigo maximizes profits and faces the followingprices?a) S2.00 per cupb) S3.30 per cupc) S5.00 per cup.Please briefly explain how you derived your answers.D Focus52°F CPrtScF10F11F12F76&7.6

Answered: 6) Suppose the price of yogurt is given…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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I am trying to solve number 6 all three parts and I wrote everything out, however I am using the previous problem 5 vc and fc costs, as he did not include anything with problem 6.

I am getting an mc of.5 on all 3, and I am assuming that he can produce any quantity at those given market prices(see photo for homework)or it is limited for example at $5 for quantity of 270.

please help me i am lost and my teacher is of no help.

+ II
Paragraph
Styles
E Center Align RightEJustify Select
O Find
Page Number Page Color Margins
#:
suibiey
4.
5.
5) The production function for Rodrigo's Frozen Yogurt is given in Problem 4.
Rodrigo pays each of his workers $80 per day. The cost of his other variable inputs is
$40.50per yogurt cup. His fixed costs are $100 per day.
a) What is Rodrigo's variable cost and total cost when Rodrigo produces 110
cups? Please calculate the variable and total cost for every level of output
given in Problem 4
b) Draw Rodrigo's variable cost curve. On the same diagram, draw the total cost
curve.
C.
c) What is the marginal cost per cup for the first 110 cups of yogurt? For the next
90 cups? Please calculate the marginal cost for all remaining levels of output.
6) Suppose the price of yogurt is given to Rodrigo in the competitive market in which
Rodrigo operates (i.e., Rodrigo cannot change the price). How much yogurt will
Rodrigo choose to produce if Rodrigo maximizes profits and faces the following
prices?
a) S2.00 per cup
b) S3.30 per cup
c) S5.00 per cup.
Please briefly explain how you derived your answers.
D Focus
52°F C
PrtSc
F10
F11
F12
F7
6
&
7.
6

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