The WipeOut Ski Company manufactures skis for beginners. Fixed costs are $10. Sales revenue is$20 per unit. Fill in the table as much as is useful. Calculate profits and answer the followingquestions 1-7TotalAverageAverageVariableFixedTotalvariabletotalmarginalQuantitycostcostcostcostcostcost0101102283454701. What is the total cost for an output of 4 units?a) 0b)14c)60d)80e) none of the above2. What is the Average variable cost for an output of 2 units?a) 0b) 14c)60d)80e) none of the above3. What is the profit for an output of 1 units?a) -10b) -5C) 0d) 5e) 104. What is WipeOut’s profit maximizing output in the short run?a) 0b) 1C) 2d) 3e) 4A new competitor entered the market using a better production method that allows them to undercutthe current market price. The price falls to $15 per unit.5. What is WipeOut’s profit maximizing output in the short run?a) 0b) 1c) 2d) 3e) 46. What is Wipe Out’s profit maximizing output in the long run?a) 0b) 1c) 2d) 3e) 47. Due to this competition, Ceteris Paribus, consumer surplusa) increases b) decreases c) stays the same d) cannot be determined e) it’s not “e”!

Why Choose Us

  • 100% non-plagiarized Papers
  • 24/7 /365 Service Available
  • Affordable Prices
  • Any Paper, Urgency, and Subject
  • Will complete your papers in 6 hours
  • On-time Delivery
  • Money-back and Privacy guarantees
  • Unlimited Amendments upon request
  • Satisfaction guarantee

How it Works

  • Click on the “Place Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
  • Fill in your paper’s requirements in the "PAPER DETAILS" section.
  • Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
  • Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
  • From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.