Question: econ problems I need you help Qplstion 14 The average cost of production for digital SLR cameras is currently $2000 at the current output level
econ problems I need you help


Qplstion 14 The average cost of production for digital SLR cameras is currently $2000 at the current output level of 1000 units per month. If variable cost of production is $1.5 million. it follows that O A. Fixed cost is $2 million per month. 0 B. Fixed cost is $0.5 million per month. 0 C. Average fixed cost is $1500. 0 D. Average fixed cost is $0.5 million. Question 15 The price elasticity of demand for Phantom of the Opera tickets is -2.39 in Boise. If the price of this ticket increases by 5.22%, the quantity of tickets demanded will O A. decrease by 12.489%. O B. decrease by 45.7946. O C. decrease by 2.1896. O D. increase by 2.399%. O E. increase by 5.2296
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