QUESTION 8Assume Texas instruments company purchased inputs costing $15,000, paid wages to their workers $50,000 and paid $5,000 on transportation. The company owns the plantwhere they produce their output, calculators. The imputed rental value of that plant are is $10,000. What will be Texas instruments explicit cost?O $70,000O $55,000O $80,000O $15,000 QUESTION 2The reason why the average total cost curve is u shaped is becauseO in the beginning average fixed cost pulls it down and then average variable cost pulls it up.in the beginning average variable cost pulls it down and then average fixed cost pulls it up.O the firm produces less in the beginning but in large quantities later.O the firm produces large quantities in the beginning but less quantities later.

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Assume Texas instruments company purchased inputs costing $15,000, paid wages to their workers $50,000 and paid $5,000 on transportation. The company owns the plant where they produce their output, calculators. The imputed rental value of that plant are is $10,000. What will be Texas instruments explicit cost? O $70,000 O $55,000 O $80,000 O $15,000