In the short run, if average variable costs equal $60, average total costs equal $70, and output equals 100, the total fixed costs should equal $10. O $1,000. $5,000. O $13,000.

Question 8 Which of the following is not a variable cost at the sandwich shop? O Cost of labor Cost of tomatoes O Cost of delivery Cost of rent Question 9

If there are no fixed costs and variable costs are constant at $1.00 per unit over the relevant range of output, what is marginal cost when 1 unit of output is produced?   a. $0 b. $0.50 c. $1 d. $2

K Suppose that a firm's production function is q=5x in the short run, where there are fixed costs of $1,000, and x is the variable input whose cost is $625 per unit. What is the total cost of producing a level of output q? In other words, identify the total cost function C(q). The total cost of producing ya level of output q is A. C(q)= 1,000. OB. OC. OD. OE C(q)= 1,000+ C(q)= 1,000+ C(q) = 1,000+ 625q² C(q)= 25 q² 25 625q² 25 0.5 q B Dollars per unit of output 2000- 1800- 1600- 1400- 1200- 1000- 800- 600 400- 200- a 12 14 10 Quantity nchack 18 (1) Incorrect