9. Working with Numbers and Graphs Q9 If total variable cost is $108 and average variable cost is $9, quantity of output equals units. Now, consider the following data: Quantity of Output Total Cost (Units) (Dollars) 2 40 3 45 The marginal cost of producing the third unit is $ . If total variable cost is $15 when quantity of output equals two units, then average fixed cost is $ at this quantity. As quantity of output increases, average fixed cost will .

Ibelieve your answer is d

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan