Question

29) As output increases, average fixed costs A) decrease. B) increase. C) remain constant. D) initially decrease and then increase. Output (pizzas per hour) Total cost (dollars) WN- 30) Paulette owns a pizza parlor. Her total cost schedule is in the above table. Her total fixed cost is equal to A) $35. B) $20. C) $79. D) $85. 31) If 9 workers can produce 1,550 units of output and 10 workers can produce 1.700 units of output, then the marginal product of the 10th worker is A) 1,700 units. B) 170 units. C) 1,550 units. D) 150 units. 32) Lane has $500 a week to spend on clothing and food. The price of clothing is $25 and the price of food is $10. Jane spends her entire income when she purchases units of clothing and units of food A) 12:20 B) 16; 8 C) 10:10 D) 25;5 33) Lisa quit her $40,000-per-year job to start her own economics consulting firm. At the end of her first year of operation, her total revenues were $150,000. Her total explicit costs were SION.000. Her economico the year was A) $42,000 B) $0 C) $48,000 D) $2,000

Answer 1

(29) Sphion A decirases is correct option Because - AFC = FC AFC = 1 if Q p. then AFCV 0 opsion B 920 in correct option Because Fired cash in inihal costs equal to o . It doesn't which where offin depend on op. - (31) Option D - 150 unit in orrect options Because marginal Product - Change in total Product VMP = OTPL I - TP₂ - TP, = 1700 - 1550 - (32 ophion A 12, 20 i correct ophon Be cause Budget Constraint 25x+10y = 500 which stalify by x= 12 14 = 20 only na clothing y = foold

(33) Ophion D $2000 is correct option Econonomic = . Total Revence profit - Totallest - TR - [Explicit timphet 1 Cost = 150000 – 40,000 + 108000] tcononić z 2000 profit