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Please help answer those and explain, thank you in advance QUESTION 9 A firm has estimated its production function to be Q = KO-35 [-53.

Please help answer those and explain, thank you in advance

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QUESTION 9 A firm has estimated its production function to be Q = KO-35 ["-53. What is the output elasticity for this firm? QUESTION 10 A firm has estimated its production function to be Q = 10-3510.55. This firm faces O constant returns to scale increasing returns to scale O decreasing returns to scaleQUESTION 1 10 points Save Answer A bakery sells only one type of cookie. The demand for their cookies is given by P = 5 - 0.02Q and the cost of producing the cookies is given by TC = 5 + Q. If the bakery sells 100 cookies, what will be their total profit? Write answer without the dollar sign.) QUESTION 2 10 points Save Answer A firm faces a demand curve given by P = 35 -3Q. What is the equation for the firm's marginal revenue? O MR - 70 - 3Q O MR - 70 - 6Q O MR = 70 - 12Q O MR - 35 - 3Q MR - 35 - 6Q O MR = 35 - 12Q QUESTION 3 10 points Save Answer SportsMart is a sports apparel department store in Hayward. The manger has estimated the weekly demand function to be P = 25 - 0.001Q where P is the price and Q is the output per week. The firm's total costs are given by TC = 4000 + 130 + 0.002Q" and its marginal cost function is given by MC = 13 + 0.004Q. What is the firm's profit-maximizing price? (Write answer without the dollar sign.) QUESTION 4 10 points Save Answer SportsMart is a sports apparel department store in Hayward. The manger has estimated the weekly demand function to be P = 25 - 0.001Q where P is the price and Q is the output per week. The firm's total costs are given by TC = 4000 + 13Q + 0.002Q" and its marginal cost function is given by MC = 13 + 0.004Q. How much profit can the store make at the profit-maximizing choice of price and output? (Write answer without the dollar sign.)

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