Question 2 {1 point] Referring to the above figure, what is the total revenue at 540? O 53.00:: 0 $5.ooo O $9.0m Q $3.0m Question 3 {1 point] Referring to the above figure, what would lowering price from $31] to 520 do? 0 It would decrease total revenue WHOSE-3|. Q It mum imeaee total meme by 5mm. 0 It would decrease total revenue bruit-El. Q It would inereaee total meme by 32000. Question 7 (1 point) Refer to the following Figure. Which of the following curve is most likely to represent marginal cost? Quantity of Output OD OA OB OC Question 8 (1 point) Refer to the following Figure. Why does a typical marginal cost curve eventually increase? what is the intuition behind this pattern? Quantity of Output Increasing productivity Diminishing productivity Total revenue increases at a constant rateQuestion 9 (1 point) Refer to the following Figure. What must be happening when marginal cost is greater than average total cost? Quantity of Output O Average total cost is rising O Marginal cost is rising Marginal cost is falling Average total cost is falling