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econ problems I need you help Question 18 You run a small business producing picture frames. This month your total cost of production is $10,000,

econ problems I need you help

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Question 18 You run a small business producing picture frames. This month your total cost of production is $10,000, your variable cost of production is $5,000, and you produce 5,000 picture frames. It follows that O A. average cost is $3. O B. average variable cost is $2. O C. average fixed cost is $1. O D. average cost is $1.Question 19 The price of floppy computer discs decreases by 2096. As a result, the quantity demanded increases by 109%. The price elasticity of demand for floppy discs is O A. 0.5 OB. O OC. -2 O D. -0.5 OE. 2

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