"Complete the following 5 topic questions for section 3 of Microeconomics" (attached)

The cost (s) that always falls as output increases is (are) A) only the total fixed cost. B) only the marginal cost. O C) neither the total fixed cost nor the average fixed cost. ( D) only the average fixed cost. O E) both the total fixed cost and the average fixed cost.Which is not a fixed cost? ()A) Monthly rent of $1,000 contractually specified in a one-year lease. (B) An insurance premium of $50 per year, paid last month. O C) An attorney's retainer of $50,000 per year. (D) A worker's wage of $15 per hour.Question 32 (1 point) Listen Entrepreneur's potential earnings as a salaried worker = $50,000 Annual lease on building = $22,000 Annual revenue from operations = $380,000 Payments to workers = $120,000 Utilities (electricity, water, disposal) costs = $8,000 Entrepreneur's potential economic profit from the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Refer to the above data. Creamy Crisp's accounting profit is: A) $150,000. (B) $380,000. ( c) $230,000. (D) $294,000.If the price elasticity of demand for fresh tomatoes is 1.5: ("1 A} a 1D percent decrease in price would result in a 15 percent decrease in quantity \\._./ demanded. ('3. B] a 10 percent decrease in price would result in a 15 percent increase in quantity _ demanded. ,3" "3, C} a 1D percent increase in price would result in a 15 percent increase in quantity demanded. .f' 'j. D} a 113 percent increase in price would result in a 10 percent decrease in quantity I demanded. A budget line shows [:1 A} the total utility of possible consumption combinations. If} 1| what consumption choices a person will make. (:3. Cl a person's consumption possibilities. \\ [:1 D} Both answers A and C are correct