Hi, would like someone to provide step-by-step workings and answer so that I can cross-check with mine! Thank you.

(d) Assume that the rental of factory remains at $10 per day but the government imposes a production tax of $0.50 per canned drink. Compute the optimal output and the profit or loss for the company. If you need to draw a diagram or figure (and cannot do so in MS Word), take a picture of the image you have drawn and insert it in your answer. You are reminded that your overall file size of your submission of this TOA should not exceed 500MB. For a table, you are advised to copy the table given in the question or draw it in MS Word. For an equation, you are advised to write the equation in MS Word. (7 marks)Question 2 A company produces canned drinks and sells them to supermarkets at $2 per unit. The resources the company used are the workers with daily wage of $20 and a machine which it rents from the machine supplier at $20 per day. The company operates in a small factory by paying a daily rent of $10. The number of canned drinks it produces depends on the number of workers it hires per day, as shown in the table below: Number of Workers per day Number of canned drinks 0 0 10 30 65 80 88 6 93 (a) Does the law of diminishing returns apply to the company's production? Explain. If you need to draw a diagram or figure (and cannot do so in MS Word), take a picture of the image you have drawn and insert it in your answer. You are reminded that your overall file size of your submission of this TOA should not exceed 500MB. For a table, you are advised to copy the table given in the question or draw it in MS Word. For an equation, you are advised to write the equation in MS Word. (5 marks) (b) Compute the optimal output and the profit or loss of the company. If you need to draw a diagram or figure (and cannot do so in MS Word), take a picture of the image you have drawn and insert it in your answer. You are reminded that your overall file size of your submission of this TOA should not exceed 500MB. For a table, you are advised to copy the table given in the question or draw it in MS Word. For an equation, you are advised to write the equation in MS Word. (6 marks) (c) Compute the optimal output and the profit or loss if the landlord increases the rent of factory to $20 per day. (7 marks)