No special format at all

QUESTION 1. A series of multiple-choice questions and other questions. If the statement is false, rewrite it so it reads \"true." A. TRUE or FALSE Variable costs remain constant as output increases. B. TRUE or FALSE If MC is above AVC, then AVC is decreasing. C. TRUE or FALSE The shape of the short run cost curves is directly related economies and diseconomies of scale clue to the ability to vary all economic resources. D. Barn Computers, LLC, a barn-sized computer service in a small city centre, produces 100 repairs. Its average fixed cost is $5 and its total variable cost is $300. What is the TOTAL COST of servicing 100 laptops? SHOW YOUR WORK. A. $300 B. $305 C. $500 D. $800 E. The difference between costs in the short run and the long run is due to: A. at least one-to-six months time. B. how much can be produced in the short run versus the long run. C. the categorization of variables as variable and/or fixed. D. the work of the entrepreneur and other chief officers, such as the chief nancial officer. F. In the short run, as Output increases: A. the difference between ATC and AVC decreases. B. the difference between total cost and AVC decreases. C. marginal cost eventually decreases. D. All of the above are correct. QUESTION 2. Describe the relationship between Marginal Cost (MC) and Marginal Product (MP). Do more than simply define MC and MP, but it's a good starting point. Include a graph in your answer. QUESTION 4. You could copy and paste the table and insert your answers in the table. A. What is the formula for TC, AFC, AVC, ATC, and MC? You may list them on your answer sheet or place them in the boxes in the table. B. A firm has fixed costs of $60 and variable costs as indicated in the table. C. Complete the following table. _ You may scan your graphs and/or calculations or take a picture and email to yourself. Then snip and paste the picture of the graph and/or calculations into the Answer Page. D. Using graph paper. graph the TFC, TVC and TC curves. Assume that this firm can produce any fraction of output per day, so you can connect the points to form continuous curves. PUT ALL THREE CURVES ON ONE GRAPH. (each graph is 5 points) E. Using another piecelsheet of graph paper. graph the AVG, ATC, AFC, MC curves. Assume that this firm can produce any fraction of output per day, so you can connect the points to form continuous curves. PUT ALL FOUR CURVES ON ONE GRAPH. (each graph is 5 points)