11.Managers undertake an investment only if

Marginal revenue is greater than zero

Marginal costs is less than marginal revenue

Marginal revenue is greater than marginal costs

Investment decisions do not depend on marginal analysis

12.At the current level of production, if the firm's MR>MC, then the firm should

produce more

the company is maximizing profit at this output

producing less

14.If a firm produces 8 units of output with average fixed cost=$40 and average variable cost=$25, what is its total fixed cost?

$320

$200

$650

$1,000

None of the above

15.Cruise liners offer last minute deals because

The marginal cost is higher than the marginal revenue since fixed costs are sunk

The marginal costs of an additional passenger are very low at that point and companies gain by lowering prices

The average cost of an additional passenger is very low at that point and companies gain by lowering prices

16.A firm sets its price at $10.00 per unit. It has an average variable cost of $8.00 and an average fixed cost of $4.00 per unit.

earning zero profits and hence should shut down.

unable to cover all of its fixed cost and hence should shut down immediately.

unable to cover all of its fixed cost and hence should shut down in the long run.

17A firm sells 100 units per week. It charges $15 per unit, the average variable costs are $10, and the average costs are $25. At what is the firm's fixed cost?

$25

$2500

$1500

18.Lucy invested $10,000 at the rate of 6%. According to the rule of 72, it would take ______ years for her money to double

Group of answer choices

4

8

12

16

19.A publisher is deciding whether or not to invest in a new printer. The printer would cost $500, and it would increase cash flows by $600 for the next two years. What is the present value of the cash flows from the investment?

Group of answer choices

$1100

None of the given answer options is correct; more information is needed.

$600

$1041