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Question 22 1 pts A firm's supply curve in perfect competition is O the MC curve, but only above the AVC curve. O the AVC
Question 22 1 pts A firm's supply curve in perfect competition is O the MC curve, but only above the AVC curve. O the AVC in its entirety. O the MC curve in its entirety. O the ATC curve in its entirety.Question 28 1 pts Imagine you are hired as a "Price Analyst" fora movie theater. You are given a report that among many consumers, two distinct groups of consumers are identied: 1} teenagers, and 2) seniorcitizens. The teenagers have a price elasticity of demand of 0.5 for movies at your theater. and seniorcitizens have a price elasticity of demand of 0.9 for movies at your theater. Based on the given information, which group do you charge a higher price if your goal is to maximize prots? 0 teenagers O senior-citizens 0 charge equal price to both groups 0 not enough information
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