A Question 2 (1 point) Retake question Consider the following graphs: 1. Upward-sloping 2. Downward-sloping 3. Horizontal 4. Vertical Possible supply curves are 2 only. 2, 3, and 4. O 1, 3, and 4. 1 only.A Question 4 (1 point) Retake question The supply of the following product is probably the most elastic one: O Shoes. Cars. O Sandwiches. O Cupcakes.A Question 5 [1 point) Retake question Consider the following production costs and revenues schedule: W O 1 2 3 4 5 29 50 135 6 27 50 176 - W = number of workers . TP = total product - FC = fixed costs . VC = variable costs Unit sale price {marginal revenue] is $50. Marginal product from 4 to 5 workers is: A Question 6 (1 point) Retake question Consider the following production costs and revenues schedule: W TP FC VC 0 O 50 0 5 50 20 12 50 42 22 50 64 27 50 92 29 50 135 27 50 176 . W = number of workers . TP = total product . FC = fixed costs . VC = variable costs Unit sale price (marginal revenue) is $50. Total cost for 3 employees is: O $64 O $114 O 10 $50A Question 8 (1 point) Retake question Consider the following production costs and revenues schedule: W TP FC VC O 50 O 5 50 20 12 50 42 22 50 64 27 50 92 29 50 135 27 50 176 W = number of workers . TP = total product . FC = fixed costs . VC = variable costs Unit sale price (marginal revenue) is $50. Marginal product begins to decrease: O 4th. 3rd. 6th. 5th.A Question 9 (1 point) Retake question Consider the following production costs and revenues schedule: W TP FC VC 10 50 0 5 50 20 12 50 42 22 50 64 27 50 92 29 50 135 27 50 176 . W = number of workers . TP = total product . FC = fixed costs . VC = variable costs Unit sale price (marginal revenue) is $50. Marginal cost from 3 to 4 employees is: 5.6 2.8 6.4 O 4.6A Question 11 {1 point] Retake question Consider the following production costs and revenues schedule: W 0 1 2 12 3 4 5 6 W = number of workers TP = total product PC = fixed costs VC = variable costs Unit sale price [marginal revenue} is $50. Prot for 4 workers is: 0 $1,203 Q $1,050 0 $350 0 $1,030 A Question 12 (1 point) Retake question Consider the following production costs and revenues schedule: W TP FC VC 0 0 50 0 5 50 20 12 50 42 22 50 64 27 50 92 29 50 135 27 50 176 W = number of workers . TP = total product . FC = fixed costs . VC = variable costs Unit sale price (marginal revenue) is $50. Lowest number of workers past the break-even point is: O 1 $1,650 O2A Question 13 (1 point) Retake question Training for your workers, primarily, may lead to a(n): O increase the supply. O decrease the supply. O increase the quantity supplied. O decrease the quantity supplied.A Question 16 {10 points} Retake question Imagine you are a cheese producer. You supply the market with 500 units at $10 each. - a) Make a consistent supply schedule for 5 different prices, including the one mentioned above. - b} Draw the supply curve according to your schedule. Remember to use labels, units, and appropriate scales. - c) In a new diagram. sketch the change in the supply curve when milk cow prices rise. Label the old curve 51 and the new one, 52. - d} In the same diagram as part c, sketch the change in the supply curve when you update your production line with cutting-edge machinery. Label the new curve 53