You Are the Manager of a Firm That Specializes in Selling

question 133

Essay

You are the manager of a firm that specializes in selling exotic animals to zoos around the world.Your goal is to determine the number of baby zebras (Z)that must be born on your firm's farm each month in order to maximize profits.The total benefits (revenues)and costs to your firm of producing various quantities of zebras are given in the first three columns of the following table.Based on this scenario,complete the table and answer the accompanying questions:
$\begin{array}{|c|c|c|c|c|c|c|}\hline \text { (1) } & (2) & (3) & (4) & (5) & (6) & \text { (7) } \\\hline \text { Control } & \text { Total } & \text { Total } & \text { Net } & \text { Marginal } & \text { Marginal } & \text { Marginal } \\\text { Variable } & \text { Benefits } & \text { Costs } & \text { Benefits } & \text { Benefit } & \text { Cost } & \text { Net } \\Z & B(Z) & C(Z) & N(Z) & M B(Z) & M C(Z) & \text { Benefit } \\& & & & & & M N B(Z) \\\hline\end{array}$


$\begin{array}{rrr}0 & 0 & 0 \\1 & 200 & 10 \\2 & 380 & 30 \\3 & 540 & 60 \\4 & 680 & 100 \\5 & 800 & 150 \\6 & 900 & 210 \\7 & 980 & 280 \\8 & 1,040 & 360 \\9 & 1,080 & 450 \\10 & 1,100 & 550\end{array}$ a.What level of zebra births maximizes net benefits?
b.What is the relation between marginal benefit and marginal cost at this level of Z?
c.Graph the total cost and total benefit curves.
d.On another graph,plot the points for the marginal cost,marginal benefit,and marginal net benefit.
e.Show how the two graphs relate to each other.

Learn to create and utilize lookup fields in database tables for efficient data entry and validation.

Comprehend the use of multivalued fields to enable selection of multiple options from a predefined list.

Identify the steps to transform lookup fields to regular fields for data manipulation.

Understand the importance and methods of setting validation rules for data input to prevent unreasonable data entries.

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Definitions:

Intercostal Retractions

The inward movement of the spaces between the ribs during inhalation, indicating respiratory distress or difficulty breathing.

Horizontal Fissure

A separation or groove on the lung's surface that divides the upper lobe from the middle lobe on the right lung.

Lung Lobes

Divisions in the lungs, with three lobes in the right lung and two in the left, that facilitate respiratory functions.

Posterior Chest

The rear part of the chest, which includes the back of the rib cage and spine area, typically involved in respiratory assessments.