Social welfare depends on 1.00 a. Efficiency of resource use only o .b. All statements are incorrect O c Equity of distribution of national income o d. Both efficiency of resource use and equity of distribution of national income o ?Which of the following is most likely to be a fixed cost for a tomato sauce company 7 a. The cost of tomatoes 100 b. The interest payments made on a loan c. The cost of tomato canso d. The cost of energy used in production at is irrational to produce in zone 3 of a production function a. As the efficiency of both fixed and variable factors are decreasing b. As the efficiency of both fixed and variable factors are increasing ...As the efficiency of the fixed factor is decreasing and the efficiency of the variable factor increasing d. All statements are correcto if there are very large number of firms selling a homogenous product, an individual firm's demand curve becomes 1.00 a. price inelastico b. All statements are incorrect O c. close to horizontalo d. close to vertical At the longrun equilibrium of an industry 10 .a. All statements are true o b. The longrun average cost is equal to longrun marginal cost and to the price of producto Short run average cost is equal to longrun average cost and to the price of producto d. The longrun and short run marginal costs are equal to the price of producto 100