Suppose Nia's Dance Studio offers a variety of dance classes each week. She has an annual contract on the building that hosts her classes for $1200 per month. This translates to $7150fhcur for her studio rental. She pays her teachers $18.l'hour for their expertise. Additionally, she has utilities and online advertising that total $3l'hour. Finally, Nia has an annual contract with Abi's Dance Supply Company which provides maintenance for dance supplies like barres, hardwood ooring, mats, and equipment. This contract is $3fhour. Suppose Nia charges her students $25fhour for instruction. Respond to the following questions. Nia should continue to offer her services in the short run. : Nia should continue to offer her services In the long run? |:| What is the long run price that will prevail for dance classes in the long run if the dance education industrv is perfectly competitive and Nia's costs are representative of the firms in the industrv? |:| When Tab's Creations produced 6 units of output each week, the total fixed cost of production was $350 and total variable cost was $45. When output increased to 9 units per week, total fixed cost remained at $350 and total variable cost was $60. Answer the following questions. Enter your responses as a real number rounded to two decimal places. When output was 6 units per week, total cost was $|:| . When output was 6 units per week, average variable cost was tl:| . When output was 6 units per week, average fixed oost was $ c When output was 6 units per week, average total oost was 33 . The marginal cost of producing the 9th unit was 35 When Tab's Creations produced 6 units of output each week, the total fixed cost of production was $350 and total variable cost was $45. When output increased to 9 units per week, total fixed cost remained at $350 and total variable cost was $60. Answer the following questions. Enter your responses as a real number rounded to two decimal places. When output was 6 units per week, total cost was . When output was 6 units per week, average variabl - When output was 6 units per week, average fixed H When output was 6 units per week, average total co. The marginal cost of producing the 9th unit was $ u When Tab's Creations produced 6 units of output each week, the total fixed cost of production was $350 and total variable cost was $45. When output increased to 9 units per week, total fixed cost remained at $350 and total variable cost was $60. Answer the following questions. Enter your responses as a real number rounded to two decimal places. When output was 6 units per week, total cost was $|:| . When output was 6 units per week, average variable cost was ' When output was 6 units per week, average fixed cost was 3; When output was 6 units per week, average total cost was $ The marginal cost of producing the 9th unit was $ When Tab's Creations produced 6 units of output each week, the total fixed cost of production was $350 and total variable cost was $45. When output increased to 9 units per week, total fixed cost remained at $350 and total variable oost was $60. Answer the following questions. Entervour responses as a real number rounded to two decimal places. When output was 6 units per week, total cost was $|:| . When output was 6 units per week, average variable cost was $- 0 When output was 6 units per week, average fixed cost was When output was 6 units per week, average total cost was $ The marginal cost of producing the 9th unit was $ t as a real number rounded to two decimal places. When output was 6 units per week, total cost was $ When output was 6 units per week, average variable cost was $ When output was 6 units per week, average fixed cost was $ When output was 6 units per week, average total cost was The marginal cost of producing the 9th unit was $ 9.00 68.33 10.00 65.83 58.33 NextWhen Tab's Creations produced 6 units of output each week, the total fixed cost of production was $355 and total variable ct increased to 9 units per week, total fixed cost remained at $350 and total variable cost was $60. Answer the following dues as a real number rounded to two decimal places. When output was 6 units per week, total cost was $|:| . When output was 6 units per week, average 1variable cost was $|:| . When output was 6 units per week, average fixed cost was $|:| _ When output was 6 units per week, average total cost was $|:| . The marginal cost of producing the 9th unit was