a) horizontal.
b) unrelated to his true productivity.
c) an output demand.
d) derived from the demand for Yankee's tickets when Jeter plays.

2.) Total cost is calculated as?
a) the sum of total fixed cost and total variable cost.
b) the product of average total cost and price.
c) the sum of all the firm's explicit costs.
d) the sum of average fixed cost and average variable cost.

3) In the short run, as output increases?
a) the difference between average total cost and average variable cost decreases.
b) the difference between total cost and average variable cost decreases.
c) marginal cost eventually decreases.
d) All of the above are correct.

4) A firm earns an operating profit if?
a) revenues exceed variable costs of production.
b) revenues equal fixed costs.
c) price is less than average variable costs of production.
d) price equals marginal cost.

5) Perfectly competitive firms must make all of the following decisions EXCEPT ?
a) how much output to supply.
b) which production technology to use.
c) how much of each input to demand.
d) what price to charge for its output.

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1.) d) derived from the demand for Yankee's tickets when Jeter plays.

2.) a) the sum of total fixed ...

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There are 5 MCQ type questions. Solution provides the correct options.

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3 8 6 5 7 11 6 4 9 9
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A. The probability of selecting 3 females and 2 males is approximately?
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A. 50%
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C. 34.13%
D. cannot be determined without additional information

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- Find the probability of selecting a king from the first card.
- If the first card is king and the card is not replaced, what is the probability of selecting a king from the second card?
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On the Titanic, the passenger roster showed that there were 1692 men, 422 women, 64 boys, and 45 girls. Only 332 men and 29 boys survived. 104 women and 18 girls died. Answer in reduced fraction form.
A. What is the probability of selecting a person from the roster who was a man who survived?
B. What is the probability of s