Demand and Supply Schedules for Chocolate Bars Quantity Demanded Quantity Supplied Price ( thousands per (thousands per ($ ) week) week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200 1750 0.40 2300 1700 TABLE 2 26) Refer to Table 2. Suppose that as a public-health measure the government wants to reduce the number of chocolate bars that children consume. To achieve this outcome the government could implement which of the following policies? A) Impose an equilibrium price of $1.80. B) Impose a price floor of $1.80. C) Impose a price ceiling of $1.80. D) Impose an equilibrium price of $1.20. E) Impose a price ceiling of $2.00.The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital. Assume that the wage per unit of labour is $10 and the cost of the capital is $50. Total output per Labour per period period O O 1 10 10 30 90 132 150 TABLE 4 Refer to Table 4. The average product of labour when the firm hires 3 units of labour is The average product of labour when the firm hires 4 units of labour is 30; 90 30; 33 90; 222 60: 42Data collected repeatedly over successive periods of time are called O time-analysis data. topographic data. O time-series data. O logarithmic data. O cross-sectional data.The table below provides the annual revenues and costs for a family-owned firm producing catered meals. Total Revenues ($) 500 000 Total Costs ($) wages and salaries 200 000 risk-free return of 6% on owners' capital of 250 000 15 000 rent 105 000 depreciation of capital equipment 25 000 -risk premium of 8% on owners' capital of 250 000 20 000 intermediate inputs 150 000 forgone wages of owners in alternative employment 80 000 interest on bank loan 10 000 TABLE s Refer to Table 3. The explicit costs for this family-owned firm are $490000 $115000 O $505000The period of time over which all factors of production and technology are variable is known as the O contemporaneous O short run Olong run Overy-short run Overy-long run