2. Assume a perfectly competitive firm is currently producing 100 units of output. Its marginal cost is $6 and rising at that output quantity. Its average variable cost is $7, and its average fixed cost is $3. If
the product's price is $6, which of the following will the firm do in the short run to maximize its profit?
a. Shut Down
b. Produce, but less than 100 Units of output.
C. Produce more than 100 unites of output.
d. Continue to produce at exactly 100 units of output.
e. Increase its price above $6.

Researchers are conducting a study in an attempt to establish a linear relationship between the number of online music video views and the number of guitar sales. a computer output for regression is shown and is based on a sample of seven observations. predictor coeff st. dev t ratio p-value constant 7.85671094 1.316226455 5.969118 0.001889 music video views 0.094781123 0.027926367 3.393965 0.019378 what represents the 99% confidence interval for the slope of the regression line? 0.0948 ± 3.499(1.3162) 0.0948 ± 4.032(1.3162) 0.0948 ± 3.707(0.0279) 0.0948 ± 4.032(0.0279)