Explain these questions.Answer all correctly

15. Refer to the figure below. From the structure of cost and revenue of the firm, we would predict that this monopoly will: Shut down in the short run, and go out of business in the long run. Shut down in the short run, but continue to operate in the long run. Operate in the short run, but go out of business in the long run. Operate both in the short run and in the long run. MC Dollars ($) Derriand MRLab Assignment for Unit 2 Activity 5 Name: 1. Sharlise and Rosa both take the Tri-Delta Transit bus to get to their classes at LMC. To save money they purchase passes instead of paying by the ride. Sharlise bought a commuter pass, and after 3 days of riding to and from LMC her commuter pass is worth $22.40. After 6 days of riding to and from LMC her commuter pass is worth $12.80. Rosa pays $50.00 for an unlimited rides monthly pass lasting for 30 days. a. Can the monthly cost of these students' bus fares be modeled by the same linear equation? Explain why or why not. b. What rate is Sharlise paying per ride? Remember that she is traveling to and from LMC every day. Document your calculations. c. How much did Sharlise pay for the commuter pass? d. Write an equation to model the value of Sharlise's pass in terms of the number of rides used, and use the equation to determine when will Sharlise run out of rides. ob woll Salon less 2. Taxicab fares in New York City are governed by the New York City Taxi and Limousine Commission. The fare is determined by the distance you travel, assuming that traffic is moving at 6 miles per hour or more. If the taxi is stuck in traffic, you pay by the minute. Additional fees accrue for late night hours or peak time between 4 p.m. and 8 p.m. The following table shows cab fares between 6 a.m. and 4 p.m. in parts of the city where there is not much traffic. Distance (miles) 2.4 3 5.2 7.1 Cab fare ($) 7.3 8.5 12.9 16.7 a. What does this data suggest is the cost per mile during off-peak hours? How do you know? b. Does the fare include an additional flat fee? How do you know? 87Problem 1: Double Marginalization. Consider a monopolist of bicycle deraillem's [D] selling to a monopolist of bicycles [B]. Bicycle deraillem's are only used in the production of bicycles, and every bicycle needs exactly one derailleur. The derailleur producer has a constant marginal cost of production MUD : 4D. The bicycle producer has a marginal cost of production MC}; 2 30 + P\