Given the data provided in the table below, what will the fi…

Given the data provided in the table below, what will the fixed costs equal for production at quantity (Q) level 4?   Q P TC TR MR MC Profit 0 $5 $9         1 $5 $10         2 $5 $12         3 $5 $15         4 $5 $19         5 $5 $24         6 $5 $30         7 $5 $45          

Price Quantity Demanded $40 10 $35 15 $30 20 $25 25…

Price Quantity Demanded $40 10 $35 15 $30 20 $25 25 $20 30 Using the midpoint formula and the demand schedule above to answer the following question. Round your answer to the nearest hundredth (0.00) and do not include the negative sign (-). Going from a price of $35 to a price of $30, the elasticity coefficient is? 

EconWithAndy produces and sells econ tutorials. Last year, i…

EconWithAndy produces and sells econ tutorials. Last year, it produced 9,000 tutorials and sold each one for $8. To produce the 9,000 widgets, the company incurred variable costs of $27,000 and a total cost of $36,000. EconWithAndy’s average fixed cost to produce 9,000 widgets was