Question 49 2.33 pts Refer to the following graph to answer the following questions: Price MC ATC 20.17 18.17 16.87 15.87 6.57 : MR Demand 20 25 30 35 Quantity The maximum short-run economic profit earned by this monopolistic competitive firm is O inconclusive; the maximum short-run profit can't be determined from the information given. O none; this firm must shut down or lose all of its fixed cost. O $272. O $20. O $66.The figures below depict the production possibilities frontiers (PPFs) for two people who Kenzi can allocate the same amount of time between making pizzas and making stromboli. Pizza Refer to these figures to answer the following questions. Pizza Bo 30 25 20 Stromboli 50 Stromboli Which statement best describes the absolute advantage as shown in the graphs? Kenzi Pizza O Bo has an absolute advantage in the production of both. Kenzi has an absolute advantage in the production of both. 30 O Kenzi has an absolute advantage in the production of pizzas, and Bo has an absolute advantage in the production of stromboli. O Bo has an absolute advantage in the production of pizzas, and Kenzi has an absolute