Ruby Red Movie Theater has experimented with using different numbers of workers in the concession area of the theater as well as at the ticket counter. In these experiments, Tracy, the manager of the theater, collected data on total number of buckets of popcorn as well as movie ticket sales produced per day.
Tracy would like for you to analyze the data and tell her how many workers she should use each day in the concession stand area for producing popcorn and in the ticket area for producing movie ticket sales. She would also like to know how many buckets of popcorn and movie tickets will be produced/sold by those workers per day.
Access the Unit IV Assignment Worksheet in Blackboard. You will complete the following in this worksheet:
Complete the tables calculating the average product, marginal product, total value product, average value product, and marginal value product.
Answer the five questions after each table as a guide to use when writing your essay.
Write an essay of at least 750 words in which you address the following:
Describe your calculations in the table.
Indicate the number of workers used per day where the law of diminishing marginal returns begins for producing buckets of popcorn.
Indicate the number of workers used per day where the law of diminishing marginal returns begins for movie ticket sales production.
Describe the shapes of both the average product and marginal product curves, and include how they compare to the average value product and marginal value product curves for both buckets of popcorn and movie tickets.
Indicate the optimal number of workers per day to use and the corresponding total number of buckets of popcorn to produce.
In Greek Mythology, children cannot escape their lineage. Even Zeus, king of Olympus is referred to as "son of Cronus" (1:79). For some, being the child of a hero means great honor and prestige. But Telemachus, son of Odysseus, feels burdened by his heritage. He is expected to be like his father, who is often described as godlike by Homer. But Telemachus knows he cannot meet these expectations, and he despises his situation to the point of wishing he were "the son of a happy man/whom old age overtook in the midst of his possessions!" (1:252-253). When Athena asks Telemachus if he is "truly Odysseus' son" (1:239), he admits the truth - he may look like Odysseus, but is nothing like him. Though roughly 20 years old and bearing an "uncanny resemblance" (1:240) to his father, Telemachus is described by Homer as "young" (1:248) and "heedful" (1:293), a boy in a man's body. Though Ithaca is his birthright, Telemachus' lack of a father figure leaves him woefully unprepared to accept this kind of responsibility. Even Penelope admits that Telemachus is "just a youngster/ still untrained for war or stiff debate." (4:920-921). Telemachus' lack of experience is apparent early on as suitors plague Odysseus' house while his son looks on helplessly. Indeed, Telemachus lacks his father's fighting spirit and prefers "daydreaming . . . among the suitors" (1: 138), instead of taking action against them. Though angered by their presence, he dares not speak up, for fear that "they'll grind me down as well." (1:293). His cowardice evident, Telemachus imagines it would be easier for his long lost father to "drop from the clouds" (1:134) and deal with the suitors, than for him to rise up and expel them from his house. Thus he is weary when responding to Athena's question - he understands his responsibility as Odysseus' son, but lacks the strength to step out from his father's shadow. Telemachus response to Athena reveals his reluctance to accept his heritage. After 20 years, Telemachus is hardly the successor to Odysseus' royal line - he is a mere boy. But his progression towards manhood begins when Athena inspires him to speak out against the suitors - an action that no one expected. When Telemachus declares with authority, "I hold the reins of power in this house" (1: 414), he takes hold of his destiny at last. When this happens, Homer describes him as "poised," (1: 398) "cool-headed," (1:445) and "handsome as a god" (2:5), a prince deserving of the title Son of Odysseus.>GET ANSWER