10 2 6 1 5 At 25% interest is if a company borrows $100 and uses a $100 of saving to buy supplies then all else the same O explicit cost is $50. explicit cost is $25. O implicit cost is $50. O implicit cost is $0. D A farm produces 20 gallons of milk with 1 worker. Which of the following would be consistent with diminishing marginal product of labor? 2 workers produce 37 gallons of milk. 2 workers produce 45 gallons of milk. O 2 workers produce 82 gallons of milk. 2 workers produce 40 gallons of milk. D 15) When a farm has 10 workers it produces 1000 bushels of wheat and with 11 workers it produces 1900 bushels of wheat. Consistent with diminishing marginal product of labor 12 workers might produce O 2600 bushels of wheat 2900 bushels of wheat 4000 bushels of wheat 3200 bushels of wheat D 19 When 1 worker can produce 5 widgets, 2 workers can produce 9 widgets, 3 workers can produce 12 widgets then diminishing marginal product of labor O. does not exist when the 2nd or 3rd worker is hired. O exists only when the 2nd worker is hired O exists when the 2nd and 3rd worker are hired. O exists only when the 3rd worker is hired. D 10 2 10 1 5 ) If the average fixed costs is $10 and the average total costs are $50 then the average variable cost must be $60 $50 $40 $30