Hi,

Can someone please help with these questions?

I'm so confused.

Please label the number of the question next to the answer and I need the answers to these questions in less than an hour please help!!

Thank you!

Question 11 Not yet saved Marked out of 1.00 'l7 Flag question The firm supply and the market supply of bread are shown in the diagram. Which of the following statements about the diagram is incorrect? 5 S Firm supply Market supply 4 (marginal cost) 4 (marginal cost) K a 8 8 Q E n. n. a\" at .2 .2 a a: 0 40 80 120 160 200 0 2.000 4.000 6.000 8.000 10.000 Quantity of loaves. Q Quantity of loaves, Q Select one: Q a. The firm supply curve shows that the average cost is higher in the large-scale production. 0 b. There is a close relationship between the firm supply and the market supply. 0 c. The number of firms in the market does not change as the price increases. 0 d. If the price is 1.5, the amount supplied by a firm is 60. 0 e. The market supply curve shows the relationship between the price and the amount supplied, ceteris paribus. Question 12 Not yet saved Marked out of 1.00 l7 Flag question The diagram illustrates the demand curve, isoprofit curves and the marginal cost curve of M02020, a luxury car manufactured by MQ Motors. Assume that MQ Motors currently chooses to operate at Point A. Which statement correctly describes the M0 Motors' situation? 10.000 Marginal cost lsoprot curve: $63,360 ( Isoprolit curve: 530.000 Imp! uh: (.LIJ a;- $5 Price, marginal cost (5) Demand curve 0 50 100 120 Quantity of cars, 0 Select one: Q a. In order to maximise profits, MQ Motors should operate at Point E. O b. The only way for M0 Motors to maximise its profits is to operate at Point E. O 0. Currently, MQ Motors' MRS is equal to MRT. 0 d. If MQ Motors chooses to operate at Point B instead of Point A, it will make the same level of profits as both are on the demand curve. 0 e. MQ Motors can increase its profits by producing and selling more cars at a lower price. Question 13 Angela is a farmer who works on Bruno's land. The diagram illustrates Angela and Bruno's combined feasible frontier, Angela's biological Not yet saved survival constraint and Angela's reservation indifference curve. Which of the following statements about the decision made on Angela's free Marked out of time and bushels of grain is incorrect? 1.00 Angela's biological P Flag survival constraint Angela's reservation indifference curve question 12 Bushels of grain 4.5 Feasible frontier: Angela and Bruno combined 0 0 13 16 24 Angela's hours of free time a --... Technically feasible 4.5 Economically feasible joint surplus) What Bruno gets 0- 0 3 16 24 Angela's hours of free time Select one: O a. If Bruno can enforce any allocation he wants, he will choose one that maximises what he gets. O b. Total production of grain is lower if both parties bargain when compared to the case where Angela has no bargaining power. O c. If Bruno can enforce any allocation he wants, he will make Angela work for 8 hours. O d. If Angela can take or leave the allocation Bruno offers, Bruno gets 4.5 bushels of grain. O e. If Bruno can enforce any allocation he wants, he will make Angela work for 11 hours.Question 14 The diagram illustrates isoprofit curves and the marginal cost curve of MQ2020, a luxury car manufactured by MQ Motors. Which statement Not yet saved incorrectly describes the diagram? Marked out of 1.00 10,000- Flag 9,000- Profit = Q(P - AC) question 8,000 . C (8, 7500) 7,000 Marginal cost 6,000- . A (35, 6000) Isoprofit curve: $150,000 Price, marginal cost ($) 5,000 Isoprofit curve: $70,000 4,000 Zero-economic-profit curve (AC curve) 3,000- B (40, 3300) 2,000- 1,000 0 10 20 30 40 50 60 70 80 90 100 110 120 Quantity of cars, Q Select one: O a. If MQ Motors sets the price equal to the average cost, it makes zero economic profit. O b. Isoprofit curves show the combinations of price and quantity that give the same profit. O c. Points B and C give MQ Motors the same level of profit. O d. If MQ Motors sells 35 cars at P=$6,000, it makes profits of $70,000. O e. The average cost decreases until Q=40 and then increases.Question 1 5 Not yet saved Marked out of 1.00 \\7 Flag question Which of the following statements about production technologies is correct? A. Large firms experience economies of scale, whereas small firms experience diseconomies of scale. B. Increasing returns to scale implies that the average cost of production decreases as output increases. C. Large scale production is advantageous to the firm if the production technology exhibits economies of scale or increasing returns to scale. D. Network effects refer to the advantages of combining multiple firms' production technologies together. Select one: 0 a. C O b. C, D O c. A, B, C 0 d. B, C De. A,B,C,D Que-\"h\" 16 Angela is a farmer whose feasible frontier is illustrated in the diagram. Bruno is Angela's neighbour who is not a farmer but claims some of NO" ye' SBVGd Angela's harvest for an unknown reason. The Points El are possible allocations of grain production between Angela and Bruno. The current Marked out of allocation between the two parties is Point E. Which statement incorrectly describes the situation illustrated in the diagram? 1,00 12 V Flag question Total grain produced 10.5 c what Feasible frontier: '3 Bruno gets Angela and Bruno '- . a. combined o g s 25 8 37 What Angela gets ' 0 (b ' 0 Angela's free time 12 Angela's work 24 Angela's hours of free time Select one: 0 a. If the allocation moves to Point F, the total output level increases. 0 b. From the diagram it is not certain whether Angela would prefer Point G to Point E. O c. Angela would not prefer Point G to Point F as the former requires her to work more hours than the latter. 0 d. Bruno and Angela are currently splitting the output in half. 0 e. Angela would prefer Point | to the current allocation as she would have more grain and more free time. Question 1 7 Not yet saved Marked out of 1.00 V Flag question The diagram illustrates the demand for MQ2020, a luxury car manufactured by MQ Motors. which statement correctly describes the demand for M02020? 8.000 4,800 Price. P: WTP (5) 3,200 2.000 0 20 40 60 80 100 120 Quantity. Q: number oi consumers per day Select one: 0 a. MQ Motors will be able to sell 60 cars if it sets the price at $4,800. 0 b. As MQ2020 is a luxury car, MQ Motors will need to raise the price in order to sell more. 0 c. The demand curve shows that points A and C are feasible options for M0 Motors. 0 d. If MQ Motors raises the price from $3,200 to $4,800, it will lose twenty consumers per day. 0 e. There are 59 consumers who are willing to pay more than $4,800 for M02020. Question 18 Which of the following statements are correct? Not yet saved A. Positive employment rent implies that there must always be involuntary unemployment. Marked out of 1.00 B. A barista receiving a payment per cup of coffee made is an example of piece rate pay. Flag C. Workers would exert effort into work if their employment rent is negative. question D. Employment rent benefits workers but harms the firms as it implies higher production costs. Select one: O a. A, B, D O b. A, B O c. A, C O d. B, C O e. A, DQuestion 19 The diagram shows the demand and the supply curves for a second-hand textbook. The curves intersect at (Q, P) = (24, 8). Which of the Not yet saved following is correct? Marked out of 20 1.00 Flag question 15 Supply curve Price, P ($) 10 5 Demand curve 0 10 15 20 Q* 25 30 35 40 45 Quantity of books, Q Select one: O a. If the price is 9, there is excess supply. O b. In total, 40 books will be purchased in the market. O c. The equilibrium quantity is 8. O d. If the price is 5, the sellers have an incentive to lower the price in order to sell more. O e. There is no equilibrium price and quantity in the market of second-hand goods.Question 20 Not yet saved Marked out of 1.00 V Flag question Which statement correctly describes price-setting and price-taking firms? Select one: 0 a. The price-taking firms have more incentive to advertise their products in comparison to the price-setting firms. 0 b. In a market with pricesetting firms, the total surplus is maximised. O c. The pricesetting firm chooses a quantity at which the price is higher than the marginal cost. Od. Oe. The price-setting firm maximises its profit, whereas the price-taking firm chooses an output level that generates zero economic profits. The pricetaking firm chooses a quantity at which the price is less than the marginal cost