ECO601 Grand Canyon Chapter 4 & 5 Extent Vs Discrete Problems Paper

I’m studying for my Economics class and don’t understand how to answer this. Can you help me study? 


Complete the following problems from Chapters 4 and 5 in Managerial Economics: A Problem Solving Approach. For each question, write 250-500 word explanation clearly showing how you solved the problem.Chapter 4: Problems 4-2 and 4-6Chapter 5: Problems 5-4 and 5-5APA style is not required, but solid academic writing is expected.This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.IndividualProblems41ExtentVersusDiscreteProblemsIdentifywhichofthefollowingareextentdecisions.a.Decidewhethertoexpandanexistingproductintoanewregion.b.Whatdiscountshouldbegivenonproductsduringtheupcomingholidaysale?c.Shouldtheadvertisingbudgetbechangedfortheupcomingyear?d.Shouldyoudevelopanewproductforanexistingproductline?4.6CopierCompanyAcopycompanywantstoexpandproduction.Itcurrentlyhas20workerswhoshareeightcopiers.Twomonthsago,thefirmaddedtwocopiers,andoutputincreasedby100,000pagesperday.Onemonthago,theyaddedfiveworkers,andproductivityalsoincreasedby50,000pagesperday.Copierscostabouttwiceasmuchaswork-ers.Wouldyourecommendtheyhireanotheremployeeorbuyanothercopier?5.4SolarPanelInstallationAuniversityspent$1.8milliontoinstallsolarpanelsatopaparkinggarage.Thesepanelswillhaveacapacityof500kw,havealifeexpectancyof20yearsandsupposethediscountrateis10%a.Ifelectricitycanbepurchasedforcostsof$0.10perkwh,howmanyhoursperyearwillthesolarpanelshavetooperatetomakethisprojectbreakeven?b.Ifefficientsystemsoperatefor2,400hoursperyear,wouldtheprojectbreakeven?c.Theuniversityisseekingagranttocovercapitalcosts.Howbigofagrantwouldmakethisprojectworthwhile(totheuniversity)?5.5 ToyTrucks Last year,atoymanufacturerintroducedanewtoytruckthatwasahugesuccess.Thecompanyinvested$2.5millionforaplasticinjec-tionmoldingmachine(whichcanbesoldfo$2.0million)and$100,000inplasticinjectionmoldsspecificallyforthetoy(notvaluabletoany-oneelse).Laborandthecostofmaterialsnecessarytomakeeachtruckisabout$3.Thisyear,acom-petitorhasdevelopedasimilartoythathassignifi-cantlyreduceddemandforthetoytruck.Now,theoriginalmanufacturerisdecidingwhethertheyshouldcontinueproductionofthetoytruck.Iftheestimateddemandis100,000trucks,whatisthebreak-evenpriceforthetoytruck?Shouldyoushutdown?1. Managerial Economics: A Problem Solving ApproachFroeb, L. M., McCann, B. T., Shor, M., & Ward, M. R. (2016). Managerial economics: A problem solving approach (4th ed.). Boston, MA: Cengage Learning. ISBN-13: 9781305259331http://gcumedia.com/digital-resources/cengage/2015/managerial-economics_ebook_4e.php