Your friend will graduate next year from CUD. After taking all her entrepreneurship courses she decided to open a flowers arrangement business, that creates and sells floral arrangements for various occasions. In her first week she was able to sell 200 assorted flowers bouquet. In the second week, her Midterms exams starts and has to take time out to prepare for them submit projects and be ready for her finals, so she was able to sell only 100 additional bouquets. In the third week, she settles into a pattern of 60 additional bouquets per week, which she can maintain for a fourth, fifth, and sixth week. In the seventh week, she's exhausted and can only finish 40 additional bouquets. a. Complete table 1 to show the number of weeks worked and the marginal and total number of aquarelles produced.
Your friend will graduate next year from CUD. After taking all her entrepreneurship courses she decided to open a flowers arrangement business, that creates and sells floral arrangements for various occasions. In her first week she was able to sell 200 assorted flowers bouquet. In the second week, her Midterms exams starts and has to take time out to prepare for them submit projects and be ready for her finals, so she was able to sell only 100 additional bouquets. In the third week, she settles into a pattern of 60 additional bouquets per week, which she can maintain for a fourth, fifth, and sixth week. In the seventh week, she's exhausted and can only finish 40 additional bouquets. a. Complete table 1 to show the number of weeks worked and the marginal and total number of aquarelles produced.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Your friend will graduate next year from CUD. After taking all her entrepreneurship courses she
decided to open a flowers arrangement business, that creates and sells floral arrangements for
various occasions. In her first week she was able to sell 200 assorted flowers bouquet. In the
second week, her Midterms exams starts and has to take time out to prepare for them submit
projects and be ready for her finals, so she was able to sell only 100 additional bouquets. In the
third week, she settles into a pattern of 60 additional bouquets per week, which she can
maintain for a fourth, fifth, and sixth week. In the seventh week, she's exhausted and can only
finish 40 additional bouquets.
a. Complete table 1 to show the number of weeks worked and the marginal and total
number of aquarelles produced.
Table 1
Number of Weeks
worked
1
2
3
4
5
6
7
Marginal return to additional
week of work
Total Quantity of the
flowers bouquet
Transcribed Image Text:b. Sketch your friend's total product curve, where the variable input is the time she
spends, and the output is the total number of the flowers bouquets. (use excel for your
graph)
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