solve these questions please, I do not want long answers

QUESTION 26 The Figure below shows the cost curves in a perfectly competitive market . Price or cost MC ATC $140.. AVC .. ..... 14 20 22 24 Quantity a ) What is the market price for this market in the long run? (mark ) b ) What is the long run profit maximizing output for of a firm in this market ? (1 mark ) c) What is the long run profit for of a firm in this market ? ( mark )QUESTION 25 The table below shows your marginal utility for different consumption bundles . Price for each apple is $5 Price for each orange is $10 You are now consuming bundle B. a) What is your marginal utility per dollar spend on apple ? (0.5 mark) b) What is your marginal utility per dollar spend on orange ? (0.5 mark) c) Which product should you increase your consumption ? Which product should you reduce your consumption ? Explain briey . (mark) d) Which is the optimal bundle that maximizes your total utility ? Explain briey . ( 1 mark) QUESTION 23 In a perfectly competitive market , the market price is 18 . Arm maximizes its prot by producing 10 units of output . The average variable cost is $ 15 , the average xed cost is $ 5 . a) What is the average total cost for this rm ? Show your calculation . (1 mark ) b) Is this rm making a prot or a loss in the short run? Explain briey . (mark ) 0) Should this rm operate or shut down in the short run? Explain briey. (I mark) QUESTION 24 The Table below refers to the cost data for production in a perfectly competitive market a ) What is the marginal cost ( MC ) when two outputs are produced ? Show your calculation ( 1 mark b) What is the total xed cost @ ) ? Explain briey (1 mark ) Q What is the average xed cost ( AFC ) when two outputs are produced ? Show your calculation ( mark ) QUESTION 22 Mary has $ 50 income to spend on two consumption goods : cola and nuts. The price for each bottle of cola is . The price for each box of nuts is 10. Mary is consuming 4 bottles of and 3 boxes of nuts now (bundle A). a ) Draw Mary's budget line ( BLI ) with the unit of Cola in x- axis ( horizontal axis ) and the unit of nuts in y -axis ( vertical axis ) below. Mark bundle A on the same graph . ( 1 mark) b ) Suppose Mary's income increases from $50 to $ 100 while the price for both goods do not change. Draw the new budget line below and mark bundle A on the same graph . ls bundle A lying inside or outside the new budget line? ls bundle A affordable with regard to the new budget line? (mark) c) Suppose instead Mary's income is still $50 and the price for each box of nuts is still $10. However, the price for each bottle of cola increases from $5 to $10. Draw the new budget line below and mark bundle A on the same graph. ls bundle A lying inside or outside the new budget line? ls bundle A affordable with regard to the new budget line? ( 1 mark) 19) Refer to the figure below . It illustrates the long run average total cost (LRATC) curve . There is ..... ......When two outputs are produced . Long Run Average Total Costs 0 1 2 4 7 8 9 10 Output A. increasing returns to scale B. constant returns to scale C.decreasing returns to scale D. zero return to scaleQUESTION 21 Peter is considering two options Option A is to mrk in a rm and earns 40,000 annual salary Option B is to his own business . He expects to earn 80,000 annual revenue from this business . The annual expense for this business include the following : Imww a) What is the explicit cost for option B ? ( 0.5 mark) b) What is the implicit cost for option B? (0.5 mark) c) What is the economic prot for option B? m d )Which option is the optimal choice for Peter ? Explain briey)r ( mark )