Please provide the table and answers to each question with calculations, Thank you A company producing...

Please provide the table and answers to each question with calculations, Thank you

A company producing plastic cell-phone cases uses a $5,000 blower, a $2,000 processor, and $4,200 worth of molds. The rent paid for their space in an industrial park is $5,000 per production period. The cost of materials (resins and compounds) is $10 per unit. The cell phone case market is competitive, with a market price of $25. Each unit of labor is paid $5,000 per production period. The production technology is described by Table 2.

1(a). How many cell-phone cases will the company produce to maximize profit? What is the maximum amount of profit?

1(b). Using the company's short-run cost curves (ATC, AVC, and MC) and the MR curve, demonstrate how you found your answer to Question 1(a).

1(c). What is the company's break-even price?

Labor	Output
0	0
1	374
2	1000.8
3	1761.8
4	2589.08
5	3427.1
6	4226.66
7	4941.62
8	5528.13
9	5943.72
10	6147

Expert Solution

Rahul Sunny answered 2 years ago

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