Q1. An industry has a fixed cost of $500 in its 1st year of operation. When the industry produces 100 units of output, its total costs are $4,500. The marginal cost of producing the 101st unit of output is $300. Illustrate what is the total cost of producing 101 units?

Q2. To many upscale home owners, no other flooring offers the warmth, beauty also value of wood. New technology in stains also finishes calls for regular cleaning that takes little more than sweeping also/ or vacuuming, with occasional utilize of a professional wood floor cleaning product. Wood floors are also ecologically friendly since wood is both renewable also recyclable. Buyers looking for traditional oak, rustic pine, trendy mahogany, or bamboo can select from a wide assortment.