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econ problems I need you help QpEstion 1i} In a short-run production process. the marginal cost is rising and the ave rage variable cost is

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econ problems I need you help

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QpEstion 1i} In a short-run production process. the marginal cost is rising and the ave rage variable cost is falling as output is increased. Thus. 0 A. average fixed cost is constant. C) B. marginal cost is above average variable cost. 0 C. marginal cost is below average variable cost. C) D. marginal cost is below average fixed cost. Question 11 A bakery estimates that the price elasticity of demand for its bread is -0.5. If the bakery raises the price of its bread by 10% O A. quantity demanded will decrease by 596 and total revenue will decrease. O B. quantity demanded will decrease by 59% and total revenue will increase. O C. quantity demanded will decrease by 209% and total revenue will increase. O D. there will be no change in either quantity demanded or total revenue because demand is inelastic. O E. quantity demanded will decrease by 209% and total revenue will decrease

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