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Measures of Cost for Charlie's Chocolate Factory Quantity Variable Total Fixed Boxes of Costs Costs Costs Chocolate) 0 $15 $1 2 $3 $18 $6 $21

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Measures of Cost for Charlie's Chocolate Factory Quantity Variable Total Fixed Boxes of Costs Costs Costs Chocolate) 0 $15 $1 2 $3 $18 $6 $21 4 $10 $30 6 $21 $15K What is the marginal cost of producing the first box of chocolate? SO $1.00 O $10.25 O $11.00 Question 16 (1.5 points) This figure depicts average total cost functions for a firm that produces automobiles. Average Total Cost ($) ATCD ATCCThis figure depicts average total cost functions for a firm that produces automobiles. Average Total Cost ($) ATCO TOC ATCA Quantity of Automobiles per day At what output levels does this firm experience diseconomies of scale? output levels below M O output levels between M and N output levels at N O output levels above N Question 17 (1.5 points) MC Price ATC AVC Q1 02 Quantity When market price is P 1. which area represents a profit-maximizing firm's losses? O (P4-P1) x Q1 (P2-P1) x Q2 (P2-PI) x Q1 (P3-P1) x Q2

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