QUESTION 1 Match the following terms with their corresponding definitions Total fixed costs A. Costs that don't change as the level of production increases or decreases Total variable costs B. Total fixed cost divided by the quantity produced Labor productivity C. Addition to output from each additional worker diminishes Total Costs D. Costs that vary with level of production Average Total Cost E. Average Fixed Cost plus average variable cost Average Fixed Cost F. Time enough to change only some of the resources for Average Variable Cost production Marginal Cost G. The addition to total cost from producing one more unit Economies of Scale H. Time enough to change all of the resources for production Diseconomies of Scale . Costs per unit of output that are constant as the scale of Constant Returns to Scale production increases. Short Run J. Total fixed costs plus total variable costs Long Run K. Decreases in average cost that accompany increases in scale of output L. Output per worker per hour M. Total variable cost divided by the quantity producedQUESTION 2 Complete the table below by choosing the appropriate value from each cell with a drop down list. Quantity of Widgets Total Fixed Total Variable Average Average Average Costs Total Costs Fixed Cost Variable Produced Total Cost Costs Cost $ 0.00 $ 50.00 tA $ 50.00 12.00 $ 62.00 $ 50.00 12.00 $ 62.00 2 $ 50.00 $ 19.00 $ 69.00 9.50 $ 34.50 3 $ 50.00 $ 74.00 $ 16.67 $ 8.00 4 $ 50.00 $ 26.00 $ 76.00 $ 12.50 $ 19.00 5 $ 50.00 $ 31.00 $ 10.00 $ 6.20 $ 16.20 6 $ 50.00 $ 40.00 $ 90.00 $ 8.33 $ 6.67 7 $ 50.00 $ 105.00 7.86 $ 15.00 8 $ 50.00 $ 74.00 $ 124.00 $ 6.25 $ 15.50