Lasagna Question Fall 2018 Name:, Directions: Please answer all of the questions below. You can...
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Lasagna Question Fall 2018 Name:, Directions: Please answer all of the questions below. You can use a calculator 1) Consider an Italian restaurant in Los Angeles run by Maria, which specializes in lasagna The daily costs of making lasagnas are listed below. She finds that she either makes too many or too few lasagnas. Please advise Maria using the information below. Maria must pay $1,500 per month for rent, which includes all of her equipment (that is $50 per day). Her variable costs include labor, her own compensation, and ingredients The daily variable costs and production levels are listed in the table below QuantityTotal (number Varable Variable of Average Total Costs Marginal Costs costs Costs 5 200 15 310 20 390 25 500 10 250 30 650 a) Fill in the missing columns on the table. b) On Fridays and Saturdays, customers pay $22 per lasagnas. How much profit will Maria make from lasagna on those days? c) On Mondays, the demand for lasagna is lower. Customers will only pay $12 per lasagna. How many should she make on those days, according to economic theory
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