Applying cost-benefit analysis, a business should only purchase a large machine if the business can pass the cost of the machine onto consumers O projects sales growth based on the machine's use estimates that the machine's cost is less than the revenue it will generate assigns a high utility to the machine based on consumer perceptions O has enough financial capital to replace the machine in five years Jasmine owns a farm and sells produce to local restaurants and grocery stores. If her farm is perfectly competitive, what profits and losses can she expect to make in the short and in the long run? Jasmine may earn economic profits or losses in the short run and in the long run. Jasmine may earn zero economic profit in the short run and profits in the long run. Jasmine may earn zero economic profit in the short run and losses in the long run. Jasmine may earn economic profits or losses in the long run but not in the short run Jasmine may earn economic profits or losses in the short run but not in the long run. Suppose the price elasticity of demand for widgets is 2 and the price of widgets decreases by 10 percent. The change in quantity demanded of widgets must O increase by 5 percent O decrease by 5 percent O increase by 20 percent O decrease by 20 percent O decrease by 200 percent Use the table to answer the question that follows. Number of Units Produced Average Total Cost 1 9 10 2 3 12 4 15 5 16 What is the marginal cost of the third unit produced? O $12 O $16 o $24 $36 Indeterminate