Antonio's Big Burger is a small restaurant that sells hamburgers. For Antonio, grills are a fixed input and workers are variable inputs. Assume that labor is Antonio's only variable cost. Antonio has a fixed cost of $80 per day and pays each of his workers $120 per day. Antonio's total product schedule and total cost at each level of labor are presented in the following table. Fill in the blanks to complete the Marginal Physical Product of Labor column for each worker and the Marginal Cost column at each level of labor. When hiring 3 or more workers, Antonio's Big Burger faces marginal returns to labor. Over the range of workers for which the marginal product of labor is decreasing, Antonio's Big Burger faces marginal cost.

Antonio's Big Burger faces   DECREASING   marginal returns to labor. Over the range of workers for which the marginal product of labor is decreasing, Antonio's Big Burger faces   INCREASING   marginal cost.

Missing information:

Labor    Outpt   Total Cost

0         0                 80

1       40               200

2     100               320

3     140                440

4     160                560

5     175                 680

Return on labor (icnrease in output as workers are added:

We subtract previous outcome at labor - 1 with curernt labor

 0

40

60

40

20

15

Marginal Cost

(Wew divide the additional outcome by the difference cost per employee)

3

2

3

6

8

Explanation:

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer; the landlord can sue the renter,and the renter loses the security deposit;