Need help (ASAP) with questions 14 to 23! ALL INFORMATION in needing to find the answers to these can be found within these individual screenshots! If you need anything else, however; please let me know! Thank you!

QUESTION 14 2.5 points Save Answer When there is an increase in demand in the market, producers in the short run O a. Can build a larger plant to increase production O b. Can increase their output to maximum capacity by operating more hours O c. Can increase their maximum capacity as the factors of productions are no longer fixed O d. Cannot increase their output at all QUESTION 15 2.5 points Save Answer The amount of time producers have to adjust quantity supplied to a price change is the major determinant of Elasticity of SUPPLY. Under this approach, all of the following are possible time frames except - O a. The Permanent Time Period O b. The long run period O c. The Market Period O d. The Short Run Period QUESTION 16 2.5 points Save Answer Under the marginal approach, a firm in a pure competition market will always operate at O a. MR = MC O b. MRMC O d. MR and MC has no relationships QUESTION 17 2.5 points Save Answer When we make comparisons of the utility of water to the utility of diamonds, the following is only TRUE: a. Marginal Utility of Water>Marginal Utility of Diamond given we have sufficient water O b. Marginal Utility of Diamond>Marginal Utility of Water, given we have sufficient water O c. Total Utility of Diamond>Total Utility of Water O d. Total Utility of Diamond = Total Utility of Water QUESTION 18 2.5 points Save Answer The Planning Curve is another name for the following O a. Marginal Utility curve O b. Marginal Cost curve O c. Long run average cost curve O d. Short run average cost curve Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and SubmitQUESTION 19 5 points Save Answer Suppose Fernanda owns a company that supplies vending machines. Currently, the vending machines sell soft drinks at $1.5 per bottle. At this price, customers purchase 2000 bottles per week. In order to increase sales, Fernanda decreases the price to $1 per bottle and sale Increases to 4,000 bottles. What is the the price elasticity of demand using the midpoint method? O a. 0.6; inleastic O b. 0.6; elastic O c. 1.66; Elastic O d. 1.66; Inelastic QUESTION 20 2.5 points Save Answer The following are the characteristics of a pure competition market structure EXCEPT O a. Products are differentiated and non-identical to one another O b. Buyers and sellers in the market act to maximize their own economic benefit O c. Large number of buyers and sellers O d. Very low barriers to entry and exit into the market QUESTION 21 2.5 points Save Answer The illustrates purchases that the consumer has with the total expenditure of funds. Any combination outside of this consumption possibility curve is not possible a. Marginal Utility Function O b. Marginal Cost Curve O c. Indifference Curve O d. Budget Line Constraint QUESTION 22 2.5 points Save Answer Office rent is an example of - cost to producers or businesses O a. Fixed O b. Opportunity O c. Average total cost O d. Variable QUESTION 23 2.5 points Save Answer The law of diminishing marginal utility return states that O a. As more units are consumed past some point of consumption, less additional pleasure will be received O b. As more units are consumed past some point of consumption, more additional pleasure will be received O c. As more units are consumed past some point of consumption, equal additional pleasure will be received O d. As more units are consumed past some point of consumption, the additional pleasure received is not known Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit