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$ P= 440 per unt " $5 per budget equatoy w= 40 oa pends rion mmo ty 4 (Oy, = 40 Se lying tbr 14 we. haw 26 10 $ 8¢ a = $80 =e — The will be 3U Questions: Zt te-tirm cally exh Avereasing jiurns 4 le, div han half as muck output . Thus the su allinpts yy of would produce. im Firm would make more profits than the big tirm Gusstion 6 A) True , because fixed 0st are 105ts thd is inclpendint of level of ory Besides , we now that APCHL aurege ficed wie) = FE au uns fl Thus He ARC aluvoys Arcline with oud pict — Tn the shert rw a tm has the F nat ‘ mutts t factors that cis unable tp z ny run a rm tan ch the level ofits Axed fret hey nger Axed Thure tore 1 the Are are always grater than or equal @ the HVC has sickly convee preferences avd fhe more 4me he spade elther supject, tle less happy be is » fle indifferuee curve would have a negative slope = be te Wettiontal axis mtleets He number of hours pe week le pond ber of hours per Shidyiny xeonomies » the vertical os wel We Spent shaclytieg history - Tleets thee nut | 7;

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