Quantity Price TC 0 20 1 1 18 3 2 16 5 3 14 6 4 12 10 5 10 18 What are the firm's fixed costs? Answer: 20 X Quantity Price TC 0 20 1 1 18 3 2 16 5 3 14 6 4 12 10 5 10 18 For this firm, what is the marginal cost associated with increasing quantity from 3 to 4 Answer: 6 XAjinomoto Prod uoe 30 Produce 40 million pounds million pounds Produce 30 million pounds ADM Produce 40 million pounds Is the example above and example of a Prisoner's Dilemma? Select one: a. No, each company can earn positive profits regardless. X b. Yes, each firm will have an incentive to produce 40 million pounds and sacrifice $20 million in profit. 0. No, each firm will be able to earn $180 million in profit. d. Yes, both firms will produce 30 million pounds and be arrested for collusion. e. None of the above P, MR, MC, ATC $50 40 30 X MC 25 ATC 15 10 D 100 150 200 250 300 400 Quantity of output (per week) Reference: Ref 13-2 Figure: A Profit-Maximizing Monopoly Firm (Figure: A Profit-Maximizing Monopoly Firm) Use Figure: A Profit-Maximizing Monopoly Firm. This firm's price per unit is: Select one: O a. $25. O b. $30. O c. $20. X O d. $35.Table: LII-ch Quantity Price Demanded S I 0 {J 9 H] 8 21'} T 30 b 40 5 50 4 60 Reference: Ref 13? Table: Lunch (Table: Lunch) Use Table: Lunch.This table shows market demand for picnic lunches for people taking allday rafting trips on the river. Joe has a firm providing this service, and his marginal cost and average cost for each lunch are a constant $4. lf Joe is one of many firms in a competitive industry, how many lunches will the market produce if there are zero economic profits in the industry? Select one: a. 20 b. 40 c. 60