Refer to the information provided in Figure 13.7 below to answer the question(s) that follow. 
Figure 13.7 Refer to Figure 13.7. If the government regulates Armstrong Cable so they can earn only a normal return, the price would be set ________ than if the company was not regulated.
A. $0.50 lower
B. $3 lower
C. $4 lower
D. $1 higher
Answer: B
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A supply curve slopes upward because a. as more is produced, total cost of production falls
b. many firms will experience increases in their costs of production as their output rises so they need a higher price in order to induce them to produce more output. c. the higher the price per unit, the greater the profitability generated by supplying more of that good. d. both (b) and (c).
Exhibit 6-1 Production of pizza data Workers Pizzas 0 0 1 4 2 10 3 15 4 18 5 19 Exhibit 6-1 shows the change in the production of pizzas as more workers are hired. The marginal product of the second employee equals:
A. 4. B. 10. C. 14. D. 6.
The expected real cost of using a unit of capital over a given period of time is known as ________
A) the real rate of interest B) the nominal rate of interest C) depreciation D) the user cost of capital
When the government sells its debt to citizens rather than other government agencies it is creating external debt
Indicate whether the statement is true or false