Microeconomics

  Please work-out the subjoined entirety. Here are the requirements: 1- For each tread gladden prepare a limited explication of the upshot(s) you parade. Solutions outside explications allure cause 50% of the security. 2- The singly origin needed for doing this assignment is your textbook. You do not need to use regard or bibliography. 3- Gladden note no workman written pamphlet allure be received and a track of naught allure be assigned to the pamphlet. 4- I am interrogation everyone to gladden resign the pamphlet on span in Canvas and gladden do not email any pamphlet succeeding the deadline. They allure not be received. Problem: Jim owns a music nurture education guitar. The nurture has a insignificant intervenience and thus any affixed schoolmistress adds less to entirety origination (MP is subordinate). Each guitar information costs $25/hour. Here is Jim's Origination Function:                                               Labor                             Q (portion of informations)                                                  0                                  0                                                  1                                 10                                                    2                                 17                                                                               3                                  23                                                  4                                  28                                                  5                                  32                                                  6                                  35                                                                            7                                   37                                                  8                                   38 The daily wage reprove for the schoolmistresss are: $75 , $100 , $125 , $150 , $175 , and $200. A) Find Jim's strive require register (Marginal Revenue Product) for each of the overhead hire. B) If the cost for guitar informations goes up to $35/hour, Jim's require for Strive allure shift. Find his new Strive require at each of the similar wage reproves overhead.