n the short run, the Sure-Screen T-Shirt Company is producing 500 units of output. Its average variable costs are $2.00 and its average fixed costs are $.50. The firm's total costs Multiple Choice   are $2.50.   are $1,250.   are $750.   are $1,100.

Our firm produces two products: generators and solar panels. Name five economies of scale you would expect our company to leverage and explain how you would expect the company to leverage them.           Our firm’s accountants have put together the following table of costs.   Generators Solar Panels Fixed Costs $2 million $2 million Variable Costs $2 million $2 million Revenue $3 million $5 million         The accountants have assured us that there are no places to save money. We are at our profit maximizing quantities of each product. We are as efficient as any firm could possibly be. In answering the questions below, do not just say lower costs or increase sales. Explain all your answers. If you cannot explain why you are taking an action, then you are just guessing.

Willie Wheat decides to produce 150 bushels of wheat. Based on the revenue and cost information below, they will earn profit of Quantity Total 0 50 100 150 200 250 300 140 170 190 150 Revenue 10 250 500 750 1,000 1,240 1,500 Fixed Cost 300 300 300 300 300 300 300 Variable Cost 0 100 190 310 510 820 1111 Total Cost 300 400 490 610 810 1,120 1,200 1.500 Profit

Variable costs are Multiple Choice costs that remain to be paid even if the firm shuts down temporarily. costs that change every day or every month. costs that change with the level of production. changes in total cost due to the production of an additional unit of output.