Question 14 (2 points) _I: If chicken costs $7 and they can produce a quantity of 300 chickens at a variable cost of $2,000, then AVC must be $___ and they should ____ O a) 6.67; continue operating. O b) 7.25:5hut down temporarily O c) 7.75; shut down temporarily Q d) 6.50; continue operating Which of the following sectors are more likely to experience firms entering the market in the short run. 0 a} Referring to the fashion industry, women earned much higher incomes and are more likely to shop. 0 b) Referring to the movie theatre industry. people are more likely to watch movies on Netflix and Amazon Prime rather than going to the local movie theatre. O (2) Referring to the auto industry. there was a report suggesting that significantly more people are giving up their vehicle to use Uber and other similar services. Question 16 (2 points) r) Listen a When firms experience economic profits, there will be more entry into this market and prices will eventually rise in the long run. 0 a) True O b) False