Refer to the information provided in Figure 13.3 below to answer the question(s) that follow. 
Figure 13.3Refer to Figure 13.3. This firm's marginal revenue will be negative at
A. $14.
B. prices between $8 and $12.
C. $6.
D. all prices.
Answer: C
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Labor is defined as cheap only if its productivity is very low.
Answer the following statement true (T) or false (F)
If Congress instituted an investment tax credit, the interest rate would
a. rise and saving would rise. b. fall and saving would fall. c. rise and saving would fall. d. fall and saving would rise.
If all of the following examples are inelastic, which one will most likely have a decrease of revenue?
a. The price of cameras rises. b. The price of milk falls. c. The quantity supplied of lipstick declines. d. The quantity supplied of perfume remains constant.
If opportunity cost were to suddenly? increase, total cost would
A. Increase and net benefit would increase. B. decrease and net benefit would decrease. C. decrease and net benefit would increase. D. increase and net benefit would decrease.