Question 12 2 pts Suppose you pay $70 for a jacket and have a coupon to get anotherjacket for free. What is the marginal cost of the second jacket? 035 025 070 00 Question 13 Partnerships differ from corporations in that personal assets of all owners in a partnership are subject to limited liability. 0 True 0 False 2 pts Question 29 Below is the graph of a monopoly firm. Use the graph to answer the following Questions. 100 90 80 2 70- PRICE AND COST 60 50 40 D 30 20 MR 10 - 10 20 30 40 50 0 60 70 80 90 100 OUTPUT Curve 1 should be labeledo 10 20 30 40 Curve 1 should be labeled Curve 2 should be labeled 50 so OUTPUT 70 8090100 According to the prot maximizing rule, rms maximize prot where The prot maximizing price for the rm is for the rm is This Monopoly is earning approximately losses) :while the prot maximizing output in Prot (use a negative sign to indicate Question 30 12 pts Below shows cost and revenue curves for a competitive firm named BananaRama Inc. Use the graph to answer the questions that follow. 100- 90 80 70 PRICE AND COST 60 2 50- 3 40- 30 20 - 10 - 10 20 30 50 60 70 80 90 0 100 OUTPUT Curve 1 should be labeled1'0 20 3'0 Curve 1 should be labeled Curve 2 should be labeled Curve 3 should be labeled Curve 4 should be labeled The prot maximizing output is This Competitive Firm is earning indicate losses). They [are/ are not) the 4'0 50 60 f0 80 9'0 100 OUTPUT in prots/ losses (use a negative sign to at the shut-down point because the price is (above/ below) curve