Economics question

Question 1 1 pts A business owner makes 50 items by hand in 10 hours. She could have earned $12 an hour working for someone else. If each item sells for $6 and the explicit costs total $80, economic profit for 50 items is: O $220 O $100 O $300 O $236 Question 2 1 pts A business owner makes 50 items by hand in 10 hours. She could have earned $12 an hour working for someone else. If each item sells for $5 and the explicit costs total $80, accounting profit for 50 items is : O $100 O $50 O $170 O $250Why does the distance between the average variable curve and the average total cost cuvre get smaller as quantity increases? Because that distance represents average variable cost and average variable cost is decreasing Because that distance represents fixed cost and fixed cost is decreasing Because that distance represents average fixed cost and average fixed cost is decreasing Because that distance represents marginal cost and marginal cost is decreasing