Refer to the information provided in Figure 8.6 below to answer the question(s) that follow. 
Figure 8.6 Refer to Figure 8.6. Average variable cost is represented by
A. curve 1.
B. curve 2.
C. curve 3.
D. line segment AB.
Answer: B
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Which of the following definitely means productivity has increased?
A. Less output from fewer workers. B. Less output from more workers. C. More output from more workers. D. More output from fewer workers.
A decline in the stock market, which makes consumers poorer, would cause
A. the aggregate demand curve to shift to the right. B. a movement down and to the right along the aggregate demand curve. C. a movement up and to the left along the aggregate demand curve. D. the aggregate demand curve to shift to the left.
The total volume of business sales in our economy is several times larger than GDP because:
A. The GDP does not take taxes into account B. The GDP excludes intermediate transactions C. The GDP grossly understates the value of our annual output D. Total sales are in money terms and GDP is always stated in real terms
Which of the following best describes the situation at point B in Exhibit 10-3?
What will be an ideal response?