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INSTRUCTIONS: You must appearance all of your toil where calculations are required and you must conceive a illiberal description of almost 50 articulation for written replys to take generous credit: Resource Markets (10pts): Suppose you are the President of Fraggle Rock Co., a inducement of melodious conglomeobjurgate discs (CDs). Assume Fraggle Rock Co. operates in a exactly competitive result and exactly competitive device communicate. The communicate compensation (P) for each CD is dedicated at $10 and the communicate wage objurgate (w) for performance is dedicated at $160 per toiler. # units of performance Total Product Marginal Result (MP) Product Compensation (P) Total Revenue (TR) Marginal Revenue Result (MRP) 0 0 -- $10 $0 -- 1 30 $10 2 58 $10 3 84 $10 4 108 $10 5 130 $10 6 150 $10 7 168 $10 8 184 $10 9 198 $10 10 210 $10 Fill in the columns in the board aloft for MP, TR, and MRP (6pts). Based on the facts aloft and using the MRP = MRC Rule, meet the # of units of performance that this solid should commission (L*). How do you understand? (4pts) 2. Taxes (10pts): Below is a final tax board from 2010 for a solitary taxpayer in Springfield, Waylan Smithers. : You must appearance all of your toil where calculations are required and you must conceive a illiberal description of almost 50 articulation for written replys to take generous credit: Schedule X — Single If taxable allowance is  over-- But not over-- The final tax objurgate for the embrace is: $0 $11,000 9% $11,000 $43,000 14% $43,000 $105,000 24% $105,000 $260,000 35% $260,000 No limit 45%   (4pts) Suppose Mr. Smithers earned $120,000 in 2010. Using the board aloft, what would his completion tax reimbursement be? What would his middle tax objurgate be? Please entire your reply to the unswerving 10th of a percent. (4pts) Suppose Mindy Simmons earned $75,000 in 2010. Using the board aloft, what would her completion tax reimbursement be? What would her middle tax objurgate be? Please entire your reply to the unswerving 10th of a percent. (2pt) Is this an...

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