Question 31 What is the difference between variable costs and fixed costs? O Fixed costs per unit remain the same. Variable costs per unit remain the same. Total fixed costs per unit remain the same. Fixed costs per unit remain the same. Total variable costs per unit remain the same. Variable costs per unit remain the same. Total fixed costs remain the same. Total variable costs remain the same. O Total fixed costs remain the same. Variable costs per unit remain the same. Question 44 By The Sea is a five-star restaurant offering fresh fish at "market price". In June, they charge $3 per pound for yellowtail and in the winter, $6 per pound for the exact same dish because it is more difficult to find. Is this O Illegal predatory pricing O legal price discrimination O illegal price fixing O illegal price discrimination O legal price fixing Question 46 Suppose that a two percent increase in price results in a six percent decrease in quantity demanded. The price elasticity of demand is equal to O negative 12 O positive one third O negative one-third O positive 3 negative 3