Answer Happy

29 1 point A monopolist faces the following total cost function: TC = 25+Q² What is their average total cost of production when Q-10? $100 per unit $25 per unit $50 per unit $5 per unit 30 1 point A monopolist faces the following total cost function: TC=25+Q² What is their marginal cost if they increase production from Q-10 to Q-12? $2 $11 $5.50 $10 000

1 2 1 point Anna, Tom, and Rowan are students looking for part-time work on campus. Anna is willing to work for $15 per hour. Tom is willing to work for $12 per hour, and Rowan will work for $10 per hour. If the hourly rate for student jobs on campus is $14 per hour, then what is total producer surplus for these three students? $5 for each hour worked i $6 for each hour worked $7 for each hour worked $8 for each hour worked. 1 point In the market for iPhones, assume the highest anyone is willing to pay for a a new phone is $1,500. If 1 million phones are sold at a market price of $1,200, what is consumer surplus? (Assume there is a downward sloping linear demand curve) $400 million $300 million $150 million $50 million