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QUESTION 5 Use this information for the questions 5-7. Suppose in a competitive market, the average cost of a certain good is: ACO): 12+0.1y How much y is produced when the price of y is $25 : QUESTION 6 What is the change in the tirm's profit when price of y increases from $25 to $50? : QUESTION 7 What is the change in the firm's producer surplus when price of 3! increases from $25 to $50? : QUESTION 8 Use the information in this question to answer questions 8-10. The production function of Selina's bakery is: where x1 is the amount of flour she uses and x2 is the amount of butter she uses, wl = $2 and wz = $6 If Selina wants to bake 100 units of cakes, what is the profit maximizing amount of flour required? : QUESTION 9 What is the prot maximizing amount of butter required? : QUESTION 10 What is the average cost of producing the profit maximizing output of cakes