Use the data in Table 1 to answer the following questions. TABLE 1 – Bunches of Roses Labour: 0, 1, 2, 3, 4, 5, 6, 7 Output (bunches): 0, 20, 44, 60, 72, 80, 84, 84 TFC: 200, 200, 200, 200, 200, 200, 200, 200 TVC (cost of labour per day): 0, 50, 100, 150, 200, 250, 300, 350 TC: 200, 250, 300, 350, 400, 450, 500, 550 MC: 2.5, 2.08, 3.13, 4.17, 6.25, 12.5 AFC: -, 10, 4.55, 3.33, 2.78, 2.5, 2.38, 2.38 AVC: -, 2.5, 2.27, 2.5, 2.78, 3.13, 3.57, 4.17 ATC: -, 12.5, 6.82, 5.83, 5.56, 5.63, 5.95, 6.55 a) At what level of output is AVC at the minimum? The AVC is at the minimum when the output is 44 bunches of roses, which is 2.27. b) At what level of output is ATC at the minimum? The ATC is at the minimum when the output is 72 bunches of roses, which is 5.56. c) At what level of output does MC intersect ATC? d) Between what levels of output is MC at the minimum?

Use the data in the table below to answer questions 1 through 3.Labor (hours) Output (units)0 010 10020 24030 36040 44050 500If the firm has fixed costs of $2,000 and labor costs are $8 per hour, what is the average total costs at 40 hours of labor (rounded to the nearest penny)?Answer here

Table 5.4Hourly Wage(dollars)Quantity of Labour SuppliedQuantity of Labour Demanded 7.50530 000650 000 8.50550 000630 000 9.50570 000610 000 10.50590 000590 000 11.50610 000570 000 12.50630 000550 000 Table 5-4 shows the demand and supply schedules for labour market in the city of Pixley.Refer to Table 5.4. If a minimum wage of $11.50 is mandated, there will be a _________.Group of answer choicesshortage of 20 000 units of laboursurplus of 20 000 units of labourshortage of 40 000 units of laboursurplus of 40 000 units of labour

Table 9.3. Quantity Price(dollars)Total Revenue(dollars)Total Variable Cost(dollars)Total Cost(dollars) 0 21 0 050 1 20 20 16 66 2 19 38 31 81 3 18 54 45 95 4 17 68 59109 5 16 80 75125 6 15 90 93143 7 14 98112162 8 13104140190 9 12108180230 10 11110230280 Table 9.3 shows the demand and cost schedules for a monopolistically competitive firm.Refer to Table 9.3. What is the best course of action for the firm in the short run?  It should not cut its price, but it should increase its sales by advertising. You Answered  It should increase its sales by lowering its price.   It should shut down. Correct answer  It should stay in business because it covers some of its fixed cost.

Use the figure to answer the question.  The income expenditure multiplier equalsGroup of answer choices0.5624

Use the data in the table below to answer questions 1 through 10.Input Total product0 01 42 83 154 225 256 277 288 24After what level of inputs does total production begin to decline?Answer here