Question: Question 1 1 pts INB: This question type awards a fraction of the points available for each correct answer selection and subtracts an equivalent fraction

 Question 1 1 pts INB: This question type awards a fractionof the points available for each correct answer selection and subtracts an

Question 1 1 pts INB: This question type awards a fraction of the points available for each correct answer selection and subtracts an equivalent fraction for incorrect answer selection, To get full points on this question, you must click on all the correct answers and none of the incorrect ones.] An independent taxi driver must pay for his taxi license every month, regardless of how much he works or how many customers he takes, In the short run, the taxi license fee is: [Click all the correct answers below.] A variable cost. A fixed cost. A sunk cost An avoidable cost.Question 2 1 pts A firm has technology given by f(k,I)=4k0.510.5 . Labour costs w=$3. In the short run, the level of capital is fixed to k=70; the cost of capital is sunk in the short run. There are no other avoidable costs. What is the short run cost of producing 2000 units? Enter a numerical value below. You may round to the second decimal if necessary

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