Question: Hello, I have difficulty with the following exercise I dont understand, thank you for your help: 43.Economic profit is typically higher than accounting profit. Select

Hello, I have difficulty with the following exercise I dont understand, thank you for your help:

43.Economic profit is typically higher than accounting profit.

Select one:

True

False

45.All costs are variable in the short run.

Select one:

True

False

46.Average total cost reaches a minimum where it intersects average variable cost.

Select one:

True

False

50.Average total cost + average variable cost = Average fixe cost

Select one:

True

False

51.

Quantity

(Units)

Total cost

($/unit)

0 100
1 110
2 125
3 150
4 220

Use the above data for Bob's Bootery to answer the following question.

The total variable cost when Q= 3 units is:

Select one:

a.$0.

b.$75.

c.$50.

d.$150.

e.$25.

52.

Quantity

(Units)

Total cost

($/unit)

0 100
1 110
2 125
3 150
4 220

Use the above data for Bob's Bootery to answer the following question:

The total fixed cost is:

Select one:

a.$0.

b.$115.

c.$125.

d.$10.

e.$100.

58.

Quantity

(Units)

Total cost

($/unit)

0 100
1 110
2 125
3 150
4 220

Use the above data for Bob's Bootery to answer the following question:

The marginal cost of the second unit of output is:

Select one:

a.$10.

b.$100.

c.$0.

d.$25.

e.$15.

60.

Quantity

(Units)

Total cost

($/unit)

0 100
1 110
2 125
3 150
4 220

Use the above data for Bob's Bootery to answer the following question:

The average total cost when Q = 3 units is:

Select one:

a.$90.00.

b.$8.33

c.$150.00.

d.$25.00.

e.$50.00.

61.

Quantity

(Units)

Total cost

($/unit)

0 100
1 110
2 125
3 150
4 220

Use the above data for Bob's Bootery to answer the following question:

The average variable cost when Q = 2units is:

Select one:

a.$62.50.

b.$10.00

c.$12.50.

d.$125.00.

e.$25.00.

64.

Quantity

(Units)

Total cost

($/unit)

0 100
1 110
2 125
3 150
4 220

Use the above data for Bob's Bootery to answer the following question:

The average fixed cost when Q = 3 units is:

Select one:

a.$25.00.

b.$150.00.

c.$33.33.

d.$50.00.

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