Question 5 1 pts True or false? During the short run economists typically assume that capital is fixed but labor is variable. O True O False Consider the table below that represents the cost structure of a flashlight producer: Quantity Fixed Costs Variable Costs Total Cost 0 20 0 20 1 20 15 35 2 20 25 45 3 20 37 57 4 20 52 72 What is the marginal cost of producing the 3rd flashlight? Suppose that a firm has accounting costs of $20,000, opportunity costs of $10,000, and revenues of $50,000. What is this firm's economic profit? Consider the production function illustrated below: Output Input This production function has... O Decreasing marginal productivity O Constant marginal productivity O Increasing marginal productivity