Really great job. Thank you so much. I really love it. Thank you so much for all of your help.
1. Consider the production of donuts in the short run at Krispy Kreme donuts. Assume that capital is fixed
in the short-run and that labor is variable. Also, assume that the production of donuts is such that the marginal productivity of labor increases initially, but then eventually decreases.
A) Draw Krispy Kreme’s average total cost curve, average variable cost curve, average fixed cost curve and marginal cost curve. Be sure to carefully label all four curves as well as the x-axis and y-axis.
B) On the graph you drew for Part A, label the break-even point and the shutdown point.
C) Suppose the price of donuts is above the minimum of the average total cost curve, on the diagram above, illustrate Krispy Kreme’s profit maximising level of output and their profits (or losses).
costBreak evenpointMeprofitsACMR.AreShutdownpointAFCProfit maximisingoutput levelXXoutput
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more