ECO561T Week 5 Value of Donations Questions

April 2, 2021

ECO561T Week 5 Value of Donations Questions

ORDER #	10004
PAPER TYPE	ESSAY
WRITING LEVEL	UNDERGRADUATE
WRITING STYLE	APA
# OF SOURCES	4
# OF QUESTIONS	6

ECO561T Week 5 Value of Donations Question Description

I’m working on an Economics exercise and need support. Please answer all questions. Ensure that you show all your workings where necessary including all steps.

Be sure to submit this assignment through your student canvas area no later than 6th April 2021 at 11:59PM. Late submissions or submission vial email shall not be accepted.

All questions carry equal marks. Make sure you do your own work. Will submit on the TurnitIn.

Assignment Content

The accompanying table shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities. Complete the following:

Number of Employees	Total Donations	Marginal Benefit	Average Donations	Total Labor Costs	Marginal Cost	Average Labor Costs
1	$30,000		$30,000	$8,000		$8,000
2	$42,426	$12,426	$21,213	$17,000	$9,000	$8,500
3	$51,963	$9,537	$17,321	$27,000	$10,000	$9,000
4	$60,000	$8,037	$15,000	$38,000	$11,000	$9,500
5	$67,080	$7,080	$13,416	$50,000	$12,000	$10,000

Calculate the total value of donations raised by three employees, and explain the method you used to make this calculation.

Calculate the total labor cost with four employees, and explain the method you used to make this calculation.
Analyze the relationship between average benefits and average costs by filling in the blanks in the following statement:
If the President of State U decides to hire fundraising employees as long as their average benefit exceeds their average cost, then this results in ________ employees being hired and a net benefit (total donations minus total labor costs) of ________.
Evaluate the marginal benefit (in terms of extra donations) of the 2nd employee.
Explain how the marginal cost of the 4th employee will increase the total labor cost.
Determine when the net benefit of hiring fundraisers is the largest.

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ECO561T Week 5 Value of Donations Questions

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