Question: Please be fast solve as early as possible Consider a beekeeper. The beekeeper has the following production function where the input is the number of

Please be fast solve as early as possible

Please be fast solve as early as possible Consider a beekeeper. The

Consider a beekeeper. The beekeeper has the following production function where the input is the number of hives and the output is quantity of honey produced. Beehives: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 Honey: 12, 23, 33, 42, 50, 57, 66, 71, 75, 78, 80 The cost of installing a beehive is $100 and the price of a unit of honey is $20. Also each beehive increases the output of apples at a nearby apple orchard by $40. 1. On a graph show how subsidizing honey can lead to the efficient quantity

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