Given the cost information below, answer the following questions. Output Total Cost 0 $ 10.00 1 19.76 2 29.06 3 37.90 4 46.31 5 54.30 Instructions: Enter your answers rounded to two decimal places. a. When output is 1, total variable cost is $ . b. When output is 2, average fixed cost is $ . c. When output is 3, average variable cost is $ . d. When output is 4, average total cost is $ . e. When output is 5, marginal cost is $ .

Which of the following accurately describes a situation in which consumers have elastic demand? a. a restaurant starts using margarine instead of butter because butter becomes more expensive. b. consumers boycott a restaurant because the waiters aren't paid minimum wage. c. a company starts using sugar instead of corn syrup because its revenues are up. d. people give up eating pasta and bread because they want to lose weight. 2b2t

When you hire an independent contractor you don't have to pay the contractors what

How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd – qa. the quantity qe – qa. the quantity qd – qe. (c) how many people die in the market-driven economy?