1. At nine units of output (Q=9), Average Variable Cost is (AVC=) $15 and Average Fixed Cost is (AFC=) $10. At ten units of output (Q=10), Average Variable Cost is (AVC=) $16 and Average Fixed Cost is (AFC=) $9. The Marginal Cost of the tenth unit of output is (MC=): a. Not available with the information provided. b. $10. C. $1. d. $25. e. $-1. 2. Alpha Company is currently producing 1,000 units of output (Q=1,000), has Average Variable Cost of (AVC=) $20, Marginal Cost of (MC=) $30, and Average Total Cost of (ATC=) of $35. At this level of output, the firm's Total Fixed Cost is (TFC=): a. $15,000. b. $10,000. c. Impossible to calculate with the information provided. d. $35,000 e. $20,000. 3. Bravo Company is currently producing 1,000 units of output (Q=1,000), has Total Cost of (TC=) $150,000, Marginal Cost of (MC=) $75, and Average Variable Cost of (AVC=) $60. At this level of output, the firm's Average Fixed Cost is (AFC=): a. $90. b. $60. c. $70. d. $15. e. $135. 4. The difference between the short-run and the long-run of production is that in the short-run there are: a. Only variable inputs and in the long-run there are only fixed inputs b. Both fixed and variable inputs and in the long-run there are only fixed inputs. c. Only fixed inputs and in the long-run there are only variable inputs. d. Both fixed and variable inputs and in the long-run there are only variable inputs. e. Only fixed inputs and in the long-run there are both fixed and variable inputs. 5. Delta Company is producing 1,000 units of output (q=1,000) with Total Fixed Costs of (TFC=) $9,000, Marginal Costs of (MC=) $20, and Total Costs of (TC=) $21,000. At this level of output, Delta Company has Average Variable Costs of production (AVC=) a. $12. b. $20. c. Not available with the information provided. d. $21. e. $30