Problem 6.6 patricia zell, a dollmaker from olney, maryland, is interested in the mass marketing and production of a ceramic doll of her own design called tiny trisha. zell has two manufacturing options. option 1 requires an initial investment of $5,000 for plant and equipment, with labor and material costs of $15 per doll. option 2 requires $25,000 for p& e, but only $10 for labor and materials. the doll will sell for $50.

(a) what is the breakeven point for option 1? (round answer to the nearest whole number, the tolerance is +/- 1).

(b) compare options 1 and 2. at what volume of demand should option 1 be chosen? (round answer to the nearest whole number, the tolerance is +/- 1).

(c) if demand (pick ) than(amount of units) we should choose option 1

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively