QUESTION 1 Table 13-7 The Flying Elvis Copter Rides Quantity Total Fixed Variable Marginal Average Average Average Cost Cost Cost Cost Fixed Variable Total Cost Cost Cost $50 $50 $0 $150 A B C m TO G H $120 K M IN O P $120 R Refer to Table 13-7. What is the value of L? O a. $270 O b. $240 O c. $135 O d. $60 QUESTION 2 Katherine gives piano lessons for $20 per hour. She also grows flowers, which she arranges and sells at the local farmer's market. One day she spends 5 hours planting $50 worth of seeds in her garden. Once the seeds have grown into flowers, she can sell them for $150 at the farmer's market. Katherine's accounting profits are O a. $0, and her economic profits are $-100. O b. $0, and her economic profits are $100. O c. $100, and her economic profits are $0. O d. $100, and her economic profits are $100. Click Save and Submit to save and submit. Click Save All Answers to save all answers