PLEASE ANSWER LETTER D AND E ONLY. THANK YOU :) 2. Consider the following data of Speedy Delivery Service. Speedy DS needs to find out theproductivity and associated cost of hiring various levels of drivers. Output is measured indeliveries to clients (i.e., # of delivery rides to and from client destination) per week andeach driver is paid P4000 per week (Speedy's only variable cost). Complete the tablebelow and answer the following questions.MPLabor012345678Output0818325268768082APAVCMCA. What is AP of four drivers?B.What is the MP of the 6th driver?C.What is the AVC of providing 80 rides per week?D.What is the MC of increasing delivery services from 52 to 68 rides per week?E. What is the additional amount of output gained from hiring the fourth worker?

Labor Outpurt 0 0 1 8 2 18 3 32 4 52 5 68 6 76 7 80 8 82

A. What is AP of four drivers? B. What is the MP of the 6th driver? C. What is the AVC of providing 80 rides per week? D. What is the MC of increasing delivery services from 52 to 68 rides per week? E. What is the additional amount of output gained from hiring the fourth worker?

A. What is AP of four drivers? B. What is the MP of the 6th driver? C. What is the AVC of providing 80 rides per week? D. What is the MC of increasing delivery services from 52 to 68 rides per week? E. What is the additional amount of output gained from hiring the fourth worker?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 33CTQ: Average cost curves (except for avenge fixed cost) tend to be U-shaped, decreasing and then...

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Question

PLEASE ANSWER LETTER D AND E ONLY. THANK YOU :)

2. Consider the following data of Speedy Delivery Service. Speedy DS needs to find out the
productivity and associated cost of hiring various levels of drivers. Output is measured in
deliveries to clients (i.e., # of delivery rides to and from client destination) per week and
each driver is paid P4000 per week (Speedy's only variable cost). Complete the table
below and answer the following questions.
MP
Labor
0
1
2
3
4
5
6
7
8
Output
0
8
18
32
52
68
76
80
82
AP
AVC
MC
A. What is AP of four drivers?
B.
What is the MP of the 6th driver?
C.
What is the AVC of providing 80 rides per week?
D.
What is the MC of increasing delivery services from 52 to 68 rides per week?
E. What is the additional amount of output gained from hiring the fourth worker?

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