With currenttechnology. suppose a fii'm is producing 400 loaves of banana bread claily. Also assume that the least-cost combination of resources in producing those loaves is 10 units of labour, 7 units of land. 2 units of capital, and 3 units of entrepreneurial ability' selling at per Linit prices of $20. $60. $60. and $20, respectively. If he fir'm can sell these 400 loaves at $2 per unit, what is its total revenue? 2 $ points What is i 5 total cost? a $ eBook What is t'te firm's profit or' loss? Instructions: Leave no cell blank - be certain to enter "0" wherever required. If you are entering anyr loss amount, be sure to enter it as positive value. The firm generates {Click to select) v of $ Will it continue to produce banana bread? (Click to select) v fthis fii'm's situation is typical forthe other makers of banana bread' will resources flovv toward or' away from this bread? (Click to select) v Suppose there are three buyers of candy in a market: Tex. Dex, and Rex. The market demand and the individual demands of Tex, Dex. and Rex for candy are given in the table below. a. Fill in the table for the missing values. Price per' Total Quantity [and Tex Qd Dex Qd Rex Qd Demanded -_- -- -__ -_- -_-I b. {i} Which buyer demands the least at a price of $?? (Clickto select] v (ii) Which buyer demands the most at a price of $9? (Click to select) v :. Which buyer's quantity demanded increases the most when the price is lowered from $9 to $8 {in absolute terms)? (Click to select) v d. {i} Which direction would the market demand curve shift if Tex withdrew from the market? (ii) Which direction would the market demand curve swift if Dex doubled his purchases at each possible price? (Click to select) V (Click to select] V e. Suppose that at a price of $8, the total quantity demanded increases from 21 to 31. Is this a "change in the quantity demanded" or a "change in demand"? (Click to select] v Demand and supply often shift in the retail market for gasoline. Here are two demand curves and two supply curves for litres of gasoline in the month of Mayin a small town in New Brunswick. I, Quantities Demanded Quantities Supplied $4.96 L563 meat) 9,590 -_ 2 . ---- ---_-- 3. Use the following facts to fill in the missing data in the table. eBDDk - lfdemand is 01 and supply is S1. the equilibrium quantity is 7,000 litres per month. - When demand is 02 and supply is S1,the equilibrium price is $3.00 per litre. - When demand is D2 and supply is 81: there is an excess demand of 4,000 litres per month at a price of $1.00 per litre. - lfdemand is 01 and supply is 82 , the equilibrium quantity is 8000 litres per month. Instructions: Fill the missing data in the table above. b. Compare two equilibriums. In the irst__ demand is 01 and supply is S] _ In the second. demand is D1 and supply is 52. By how much does the equilibrium quantity change? By hot-i.r much does the equilibrium price change? Equilibrium quantity [Clicktp selecljv by litres per month. Equilibrium price {Click to seledjv by 3+ :. lfsupply falls from 52 to S1 while demand declines from Dz to 01, does the equilibrium price rise, fall, or stay the same? he equilibrium price [Click to selectjv . What if only supply fal 5'? "he equilibrium price [Click to selectjv . What if only demand falls? "he equilibrium price [Click to selectjv . cl. Suppose that supply is fixed at 81 and that demand starts at 01. By how many litres per month would demand have to increase at each price level such that the equilibrium price per litre would be $3? litres per month By how many litres per month would demand have to increase at each price level such that the equilibrium price per litre would be $4? litres per m onth