Q Question 1 2 / 2 pts A firm sells 300,000 units per week. It charges $ 35 per unit, the average variable costs are $40, and the average costs are $55. In the long run, the firm should Question 2 2 / 2 pts The break-even quantity is Question 3 2 / 2 pts Use the following setup for the next three questions. Pastry Paradise is looking to expand. It decides to take over Sweet Tooth, a competitive firm. The two firms have similar technology but different costs. Pastry Paradise has $1500 fixed costs and $1 marginal cost per unit produced. Sweet Tooth has $500 fixed costs but $5 marginal cost per unit produced. If the company plans to produce 5000 units of output, is using the competitor’s technology a good idea? Question 4 2 / 2 pts Break-even quantity is a point where Question 5 2 / 2 pts The government is looking to double the living standards of its population in 18 years, what rate of GDP growth would it need to achieve that?

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