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Question 19 Chiquita produces bananas for an average explicit cost of $0.30 per banana and sells 1.5 million bananas per week for a price of
Question 19 Chiquita produces bananas for an average explicit cost of $0.30 per banana and sells 1.5 million bananas per week for a price of $0.35 per banana. The implicit costs per week are $200,000. Which of the following statements is true? 0 Chiquita makes an accounting prot of -$125,000. 0 Chiquita makes an accounting prot of $75,000. 0 Chiquita makes an economic prot of $75,000. 0 None of the answers is correct OR more than one answer is correct. 0 Chiquita makes an accounting prot of $525,000. Question 20 1 pts A shoe producer makes shoes each day. When the shoe producer makes a quantity (Q) of 14 pairs of shoes in a day, the variable cost (VC) = $500 and the fixed cost (FC) = $200. What is the average total cost (ATC) for this shoe producer when making 14 pairs of shoes per day? Note: enter answer with only numerical values and round up to the nearest tenth. For example, if you think the answer is "$101.58" then enter the answer "101.6" in the space below
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