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I would like to get answers and explanations Exhibit 7-8 Costs schedules for producing pizza Fixed Variable Total Marginal Pizzas Cost Cost Cost Cost $

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Exhibit 7-8 Costs schedules for producing pizza Fixed Variable Total Marginal Pizzas Cost Cost Cost Cost $ $ $ $ 5 13 10 100 140 20 85 215 By filling in the blanks in Exhibit 7-8, the total cost of producing 5 pizzas is shown to be equal to: O $100. O $105. O $113. O $123. O $160.Exhibit 8-5 A rm's MR and MC curves (dollars) In Exhibit 8-5, a rm is currently producing 40 units of output. What would you advise this rm to do? 0 Shut down. 0 Increase output. 0 Stay at its current output. 0 Decrease output. 0 Decrease price. The neighborhood ice cream shop nds that when it charges $3 per ice cream cone, its total revenues are $90,000. It has total variable costs of $30,000 and total xed costs of $40,000. From this we can infer the: 0 shop should be moved because the rent is too high. 0 price is less than average total cost. 0 economic prots are $20,000. 0 shop will be closed in the long run. 0 shop sells 10,000 ice cream cones. Exhibit 9-0 Demand and cost curves for a monopolist 180 MC Price, 160 costs, 140 AT C and 120 revenue 100 per unit 80 (dollars) 60 40 20 MR 0 1 2 3 4 5 6 7 8 9 10 11 12 Quantity of output (units per hour) As shown in the chart, what is the monopoly's maximum profit (minimum loss)? O $420 O $160 O $120 O $80 O $60Exhibit 9-5 Demand and cost data for a monopolist By calculating the data provided in Exhibit 9-5, how much is the prot if the rm decides to produce 7 units? 0 0. O 24. Q -16. o -32. o -10

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