Farley's Frozen Yogurt is a purely competitive firm that sells frozen yogurt cakes. The market price is $12 per cake. Assume that AVC is $8 per cake, AFC is $6 per cake, and Farley's sells 250 frozen yogurt cakes. a. Farley's Frozen Yogurt Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. check all that apply should shut down. should produce in the short run. will have a short-run loss. will have a normal profit. will have an economic profit.

Please do fast and add explanation , diagram

Draw a model of a representative individual firm in the market for wheat, i.e. an Australian wheat farmer who is a price-taker in the global market for wheat, in long-run equilibrium. Comment on the assumed market structure. Show and explain the amount of wheat the farmer will produce to the market, and explain revenue, costs and profits. (please explain in a paragraph length for like)

Calvin grows beautiful orchids. His total fixed cost is $90 a day, and his average variable cost is $2 a plant. Few people know about Calvin's Orchids and he is maximizing his profit by selling 18 orchids a day for $7 a plant. Calvin thinks that if he spends $20 a day on advertising, he can increase his market and sell 48 orchids a day for $7 a plant. If Calvin advertises will his average total cost increase or decrease at the quantity produced? If Calvin advertises and as a result he sells 48 orchids a day for $7 a plant, his O A. average total cost decreases if total cost decreases, and increases if total cost increases average total cost does not change at the quantity produced O B. O C. average total cost increases at the quantity produced O D. average total cost decreases at the quantity produced