Mandy finds she can get a discount on corn cobs if she buys in bulk. She can get 100 kilograms ofcorn cobs for $160 from Matt, on condition that she buys at least 100 kilograms. From anothersupplier, Robert, she can buy small quantities of corn cobs (100 or less) for $1 per cob or largerquantities (more than 100) for $0.60 per cob. Mandy charges all of her customers by weight, so shegets $5 per kilogram of corn cobs or $1.25 for an individual corn cob. If Mandy is going to sell over100 kilograms of corn cobs today, what is the best profit per corn cob she can make?

The table below shows the daily costs, rounded to $0.25, of Cathy's Corn Stand. Cathy sells her corn cobs in a perfectly competitive market. Cathy's Corn Stand's Production CostsQuantity (corn cobs) AVC (dollars) ATC (dollars) MC (dollars)20.00 2.75 4.50 2.0030.00 2.25 3.50 1.5040.00 2.00 2.75 1.2550.00 1.75 2.50 1.2560.00 1.50 2.25 1.5070.00 1.50 2.25 1.7580.00 1.50 2.25 2.2590.00 1.75 2.50 2.75 a. Draw Cathy's marginal cost (MC) curve. Instructions: Use the tool provided "MC" to plot the curve point by point (8 points total). Points for average variable and average total cost are rounded to the nearest $0.25 in the graph. Instructions: In part b, enter your answer as a whole number. In part c, round your answer to two decimal places. If you are entering a negative number include a minus sign. b. If the market price of corn is $1.75 per corn cob, in the short run how much corn should Cathy produce each day to maximize profits?      corn cobs per day c. What are Cathy's profits/losses per day if she produces the profit-maximizing quantity of corn in the short run (losses are expressed as a negative number)?      $  d. In the short run, assuming nothing else changes, Cathy shouldmultiple choice 1produce a lower quantity of corn per day.shut down, because the market price is above the AVC.produce a greater quantity of corn per day.produce the same quantity of corn per day.e. If the short-run price of corn falls to $1.25 per corn cob, Cathy shouldmultiple choice 2shut down, because the market price is below the AVC.produce a lower quantity of corn per day.produce the same quantity of corn per day.produce a greater quantity of corn per day.

. If the market price of corn is $1.75 per corn cob, in the short run how much corn should Cathy produce each day to maximize profits?      corn cobs per day c. What are Cathy's profits/losses per day if she produces the profit-maximizing quantity of corn in the short run (losses are expressed as a negative number)?      $  d. In the short run, assuming nothing else changes, Cathy shouldmultiple choice 1produce a lower quantity of corn per day.shut down, because the market price is above the AVC.produce a greater quantity of corn per day.produce the same quantity of corn per day.e. If the short-run price of corn falls to $1.25 per corn cob, Cathy shouldmultiple choice 2produce a lower quantity of corn per day.shut down, because the market price is below the AVC.produce a greater quantity of corn per day.produce the same quantity of corn per day.

. In the short run, assuming nothing else changes, Cathy shouldmultiple choice 1produce a lower quantity of corn per day.shut down, because the market price is above the AVC.produce a greater quantity of corn per day.produce the same quantity of corn per day.e. If the short-run price of corn falls to $1.25 per corn cob, Cathy shouldmultiple choice 2shut down, because the market price is below the AVC.produce a lower quantity of corn per day.produce the same quantity of corn per day.produce a greater quantity of corn per day.

Johann wants to buy 20 bags of corn from Zinkwazi Mills. Which ONE of the following will NOT qualify as an acceptable purchase price?a.an amount determined by Luke, a financial adviserb.R4 000c.R25 per bag of flourd.200 loaves of bread

Cloe enjoys eating burritos. Her total benefit for different amounts of burritos are set out in the table below.Quantity Total Benefit1 $202 $393 $574 $745 $906 $1057 $1198 $1329 $14410 $155 If the price is $11, how many burritos Cloe will buy if she is a utility maximiser?