Workers at 25 each and finds that they produce

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workers at $25 each and finds that they produce servings according to the following schedule:ServingsMarginal Workers10.3020.3330.3640.4050.4460.4870.5380.5890.64100.71110.78120.86130.94141.04a.(1 points) Calculate and graph the marginal cost of each serving. (Use a spreadsheet and show your calculations!) Why does the MC curve have the slope (up, down, or flat) that it does? 024681012141605101520253035MCServingsMarginal CostMarginal cost= marginal workers*wage+ ingredients ServingsWorkersMC1.3.3*25+7.06=14.562.33.33*25+7.06= 15.313.36.36*25+7.06= 16.06
b. (2 points) Calculate and graph the marginal cost of each serving if workers become more productive so each slice can be made with only 80% as much labor. Show your calculations! Calculate and graph marginal cost if workers suffer a pay cut to $20/hour, with the old productivity.
0246810121416051015202530MC w/ $20/hourServingsMC / $20/hour0246810121416051015202530MC for workers with 80% as much laborServingsMarginal Cost3. (4 points) Perfect competition and equilibrium. a. (1 point) Put the demand and supply curves together (at the original productivity and wages). Ella is a musician and never took Economics so she naively assumes that she is in a perfectly competitive market. How many servings will she sell? At what price?

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