QUESTION 25 Marissa owns a sweater factory. The sweaters are made on a knitting machine that Marissa has contracted to pay $1,000 a month for a year. When she produces 60 sweaters in a month, she employs 2 knitters at $2,000 a month each and buys yarn costing $15 per sweater. What are Marissa's fixed costs for the year and what are Marissa's average variable costs for a month? O Yearly fixed costs =$12,000; Monthly average variable cost=$4,900 O Yearly fixed costs =$24,000; Monthly average variable cost=$98.33 O Yearly fixed costs =$12,000; Monthly average variable cost=$81.67 O Yearly fixed costs =$1,000; Monthly average variable cost=$4,900 QUESTION 26 When a price ceiling is set below the equilibrium price, O the quantity demanded will exceed quantity supplied the quantity supplied will exceed the quantity demanded O the quantity supplied will equal the quantity demanded the equilibrium price will fall