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QUESTION 10 The table describes the cost structure of a flashlight producer. The blank columns are for you to use as workspace Quantity of Flashlights Fixed Variable Cost ($) Cost ($) 0 20 1 20 15 2 20 25 3 20 |37 4 20 52 What is the total cost of producing 3 flashlights? None of these choices $57 $20 O = 60 x $57 O $37 QUESTION 11 The table describes the cost structure of a flashlight producer. The blank columns are for you to use as workspace Quantity of Flashlights Fixed Variable Cost ($) Cost (5) 20 1 20 15 20 25 3 20 37 4 20 52 How much more does it cost to produce 3 flashlights than to produce 2 flashlights? O $20 O $15 O $12 $37 O None of these choices QUESTION 12 Refer to the graph below showing two budget lines and two indifference curves Quantity of Y Quantity of Considering point to be the initia point, and the point after a change, which of the following staternents is true? The consumer is maximizing utility given his or her current budget at point B, but not maximzing utility given his or her current budget at pont A The quantity chosen of good will always be lowor after such a change The consumer's marginal utility from consuming good X is lower aftor the change After the change, the consumer can no longer afford the combination of goods represented by point A The consumer enjoys higher utility before the change