Assignment 5.docx Search this document 1 / 2 Fit to width v . .. Crop missing questions to get answers and explanations from our expert tutors Exit You can send one question at a time. You have O question remaining true. If not, please advice PAPA how they should change their production process in order to minimize costs. 2. Complete the following table: Output Total Cost Variable Cost Fixed Cost Marginal Cost 60 10 90 20 80 180 50 Crop one questio 3. You are treasurer of a professional organization that is planning a three-day conference in Chicago. The conference is to begin at 1:30 p.m. on Thursday, continue all day on Friday and end at noon on Saturday. Each person attending the meeting will have to pay a registration fee of $110. The conference hotel has quoted the following prices for services: Thursday p.m. Conference facilities rental (half day): $425 Audiovisual equipment rental: $55 Coffee-break service: $6 per person Evening reception: $25 per person Friday Conference facilities rental: $750 Continental breakfast: $10 per person Luncheon: $15 per person Audiovisual equipment rental: $75 Coffee-break service (morning and afternoon included): $10 per person Saturday a.m. Conference facilities rental: $375 Continental breakfast: $10 per person Coffee-break service: $6 per person