Earl owns and operates a food trailer at the State Fair. After being featured on

Question

Earl owns and operates a food trailer at the State Fair. After being featured on a national television network, his deep-fried cupcakes dramatically increase in popularity, and Earl hires more workers at a cost of $80 per worker per day. Also note that Earl pays $40 a day just to park his trailer, even if he has no workers. Below is a table showing the number of workers and the number of cupcakes that they can produce in a day On the graph below, plot Earl's production function per day. On the graph below, chart Earl's total cost curve per day. Quantity of workers Quantity of cupcakes (in dozens)

Explanation / Answer

The second graph is wrong

Use Cost as Y axis data points and quantity of cupcakes (in dozens) as X axis data point to plot the correct graph.

Qunatity of cakes (dozens) Quantity of workers Cost 0 0 40 (Parking charges) 6 1 80*1 + 40 = 120 15 2 80*2 + 40 = 200 24 3 80*3 + 40 = 280 27 4 80*4 + 40 = 360 30 5 80*5 + 40 = 440 30 6 80*6 + 40 = 520

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