Question 10 Consider the following information: Not yet TC = 20 + 5Q + Q2 answered Marked out of Q = 25 - P 1.00 Where TC is total cost, Q is the total product and P is price. What Flag is the average fixed cost (AFC), given the profit maximising question quantity? O a. $2 O b. None of these are correct O c. $6 O d. $4Question 9 Suppose that a firm's production function is given by Q = Not yet 3L 0.5K0.5 answered Marked out of Determine the percentage increase in output if both labor and 1.00 capital are increased by 20 percent. Flag question O a. 20% O b. 40% O c. 30% O d. 50%Question 8 Using the following data: Not yet answered Marked out of Income 1.00 Sales (X) (Y) Flag 5 10 question 4 7 2 9 The regression model is Y = bo + b1X + e. What is the approximate value of the R2 ? Select one: O a. 0.020 O b. 1 O c. 0.037 O d. 0.487