Cakes by monica excel assignment

  

For this assignment you will perform calculations in an Excel file. You can find the file in Week 2. Please note, it is your responsibility to have the correct software!

Instructions:

Cakes by Monica (a bakery under the umbrella of the Café Brulé restaurant) in Vermillion, SD makes cupcakes for customers to purchase both in the store and in bulk orders for birthday parties and weddings.

Suppose in the short-run, a bakery like Cakes by Monica has a fixed amount of capital but can hire college students from a local college easily to increase production as needed.  A production schedule is provided for you where Q is dozens of cupcakes.

a) Using the schedule provided, calculate the marginal product of labor when K = 3. 

b) Using your calculations, for which workers are there increasing, decreasing, and negative marginal returns to labor? 

c) Suppose this bakery decides to add another unit of capital in the long-run.  Find the marginal product of the 4th unit of capital and the marginal product of labor when K = 4.

d) Create a graph of the marginal product of labor for K=3 and K=4.

e) Using your graph and the data, how does the addition of another unit of capital affect the productivity of labor? 

Please provide all answers (calculations and written explanations) in the provided Excel File. Save your file with your Firstname_Lastname and submit it in the designated area.

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

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.

Money-back guarantee

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

Zero-plagiarism guarantee

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

Free-revision policy

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

Privacy policy

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

Fair-cooperation guarantee

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