8) A firm is producing 8 units of output, TC = $25,000 and AVC = $2,800. What is AFC? A) $2,600 B) $22,400 $325 D) $22,200 E) $650 9) Here is some information that relates to a business David Simon opened three years ago: quantity sold = 38; AVC = $20; AFC = $8; profit = $912. What did price equal for the year? A) $35 B) $23 C) $5 D) $40 E) $52 10) Here is some information that relates to a business David Simon opened four years ago: price = $7; VC = $3,600; FC = $175; loses = $240. What did quantity equal for the year? A) 512 B) 404 C) 339 D 505 E) none of the above