Help me Solve the questions.

December 6, 2020 X The next five questions involve the following diagram, which depicts a firm's cost structure. MARGINAL COST AVERAGE TOTAL COST MA-AF AVERAGE VARIABLE COST 430 Firm Quantity 1. What is the firm's profit? (A) $5,250. (B) -$5,250. (C) $5,740. (D) -$5,740.X 2. What is the Zero-Profit price? (A) $17. (B) $30. (C) $44. (D) $45. 3. What is the Shutdown Price? (A) $17. (B) $30. (C) $44. (D) $45. 4. Should this firm shut down? (A) No. (B) In the long run. (C) In the short run. (D) Only if MR=MC. 5. Why does Marginal Revenue equal Average Revenue here? (A) Because this firm operates in a monopolistic industry. (B) Because this firm operates in an oligopolistic industry. (C) Because this firm operates in a Stackelberg industry. (D) Because this firm operates in a competitive industry.The next five questions involve the following diagram, which depicts a monopoly. X WERAGE TOTAL COST DEMAND-AVERAGE REVENUE 26,000 20 000 QUANTITY 6. What is Consumer Surplus? (A) $970,000. (B) $784.000. (C) $490,000. (D) $336,000. 7. What is the firm's profit? (A) $868,000. (B) $448,000. (C) $308,000. (D) $372,000. 38. What would the price be under a competitive market equilibrium? X (A) $66. (B) $55. (C) $50. (D) $35. 9. What would the Total Surplus be under a competitive market equilibrium? (A) $1,250,000. (B) $970,000. (C) $879,000. (D) $784,000. 10. What is the Deadweight Loss? (A) $66,000. (B) $30,000. (C) $120,000. (D) $186,000. 11. Which of the following policies can reduce a monopoly's deadweight loss? (A) Quotas. (B) Price Floors. (C) Price Ceilings. (D) Taxes. 12. Which of the following statements is true? (A) Marginal Cost is always rising as q rises. (B) Marginal Cost exceeds Average Total Cost when MC ATC, ATC is increasing.The next 3 questions deal with the following situation. Jennifer has a home X business selling women's headscarves. She earns $3,000 per month in rev- enue, and spends $500 per month on materials. She also hires a part-time worker, whom she pays $500 per month in hourly wages. Utilities cost $400 per month. Finally, she spends $100 per month maintaining a quality web- site, which she uses to conduct internet marketing. 13. What is Jennifer's variable cost of production? (A) $1,500. (B) $1,400. (C) $1,000. (D) $100. 14. What is Jennifer's accounting profit? (A) $1,500. (B) $1,000. (C) $2,000. (D) $3,000. 15. Suppose that if Jennifer were not running her headscarves business, she could make $2,000 per month working in retail. What is her economic profit? (A) $1,500. (B) -$1,000. (C) -$500. (D) $2,000. 16. Which of the following is NOT a filter in Herman and Chomsky's propaganda model? (A) Flak. (B) Profit. (C) Ideology. (D) Advertising.X 17. In 2002-2003, an unproven conspiracy theory was floated around, that Saddam Hus- sein illegally held weapons of mass destruction (WMDs). The U.S. government, under President George W. Bush, repeated this assertion to American media in Washington, D.C, who did not sufficiently investigate whether Bush's allegations were true. Neverthe- less, the media reported that Saddam Hussein had WMDs. Based on this information, which filter is operating to cause the media to report that Hussein had WMDs? (A) Ownership (B) Profit. (C) Sourcing. (D) Flak. 18. According to Aristotle, what is the ultimate moral aim of every action? (A) Eudaimonia. (B) Agape. (C) Theosis. (D) Nicomachean Ethics. 19. According to Natural Law theory, why is theft wrong? (A) As per the Harm Principle, theft harms others without their consent. This is in line with the teachings of John Stuart Mill. (B) Because theft deprives others of the material ability to live, reproduce, educate their offspring, seek Telos, and live harmoniously in society. It also causes offense to others. (C) Theft is not a virtuous action. (D) The only theft that is wrong is when she steals your heart. No simp, Kings. 6X 20. Consider the following situation. Armin and Jacques have a fetish for cannibalism. Jacques wants Armin to eat his fingers. So Armin, who is a surgeon, arranges for Jacques to be placed under anaesthesia, and safetly cuts off his fingers. Jacques and Armin then proceed to cook Jacques's fingers, fried in butter and spices, and to enjoy a delicious meal with Chianti. Which of the following statements is true? (A) Armin and Jacques's actions are morally acceptable under both Natural Law and Liberal Ethics. (B) Armin and Jacques's actions are morally wrong under Natural Law, but morally acceptable under Liberal Ethics. (C) Armin and Jacques's actions are morally acceptable under Natural Law and morally wrong under Liberal Ethics. D) Armin and Jacques's actions are morally wrong under both Natural Law and Lib- eral Ethics. 21. Which of the following books does NOT accord with Natural Law theory? (A) The Holy Bible, King James Version. (B) The Holy Quran. (C) After Virtue: A Study in Moral Theory by Alasdair Macintyre. (D) An Introduction to the Principles of Morals and Legislation by Jeremy Bentham. 22. Which of the following is NOT a cardinal virtue? (A) Prudence. (B) Temperance. (C) Kindness. (D) Fortitude.X The next 3 questions involve the following game. There are two players, a husband and wife. They can either be selfish (S) or selfless (U) in their marriage. If they choose to be selfish, then there is a negative 'guilt' payoff of g. The payoff matrix is below. Figure 1: The Marriage Game Wife S U 10-g, 10-g 15-g. 2 Husband UI 2, 15-9 12, 12 Number left (right) of comma refers to H's (W's) payoff. 23. Suppose that g = 0. What is the Nash equilibrium (or equilibria)? (A) (S, S). (B) (U, S) and (S, U). (C) (S, S) and (U, U) (D) (U, U). 24. Suppose that g = 5. What is the Nash equilibrium (or equilibria)? (A) (S, S). (B) (U, S) and (S, U). (C) (S, S) and (U, U) (D) (U, U). 25. Suppose that g = 10. What is the Nash equilibrium (or equilibria)? (A) (S, S). (B) (U, S) and (S, U). (C) (S, S) and (U, U) (D) (U, U).X 26. Consider the following game. There are ten churches in town: nine are Catholic and one is Eastern Orthodox. All churches conduct their services at 10am on Sunday morning. You and your friend, without communication, agree to meet at a church service. If you fail to meet at the same church, then you are sad. What is this game's focal point? Remember that you cannot communicate about this. (A) You meet at any of the Catholic churches. (B) You meet at any of the churches - denomination does not matter. (C) You meet at the Orthodox church. (D) There is no focal point. 27. Which of the following is the best example of Skin in the Game? (A) A politician retires to serve on the board of governors of a prestigious think tank. (B) A wealthy man donates his savings to charity. (C) A general leads his troops into battle. (D) Billie Eilish creates another cringe music video. 28. Public choice theory makes assumptions about the motives of politicians, firms, voters, and bureaucrats. Which of these is a good illustration of public choice theory's premises about voter behaviour? (A) A politician retires to serve on the board of governors of a prestigious think tank. (B) Boomers (those aged 55+) vote for more healthcare spending, while raising taxes on the young. (C) A drug company tests experimental pharmaceuticals on poorly-informed partici- pants in sub-Saharan Africa, since it is unlikely to face lawsuits for such unethical behaviour. (D) Young people (Zoomers) refuse to vote