Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 
Figure 7.10Refer to Figure 7.10. At Point A the absolute value of the slope of the q1 = 100 isoquant is
A. less than 2.
B. exactly equal to 2.
C. greater than 2.
D. indeterminate from this information.
Answer: C
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Steady-state growth refers to
a. intermediate-run periods. b. long-run equilibrium growth. c. output determination in the short run. d. None of the above
The manager of Slick Lens, a sunglasses manufacturer, notices that the cost to distribute their sunglasses in the spot market has fallen. As a result of the change, which of the following is true?
A) The manager has less of an incentive to integrate backward. B) The manager has more of an incentive to integrate forward. C) The manager has less of an incentive to integrate forward. D) The manager has more of an incentive to integrate backward.
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.
Identify markets in which there is an exchange.
What will be an ideal response?