Anna Arbor typically earns $40,000 per year and has an MPC equal to 0.90, but wins $100,000 in the lottery in 2001 . Her consumption for 2001, according to Milton Friedman, will be
a. $100,000
b. $64,000
c. $36,000
d. $116,000
e. $16,000
E
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The demand curve facing a single-price monopoly
A) lies below the marginal revenue curve. B) lies above the marginal revenue curve. C) is the same as only the marginal revenue curve. D) is the same as only the marginal cost curve. E) is the same as both the marginal revenue curve and the marginal cost curve.
Refer to Scenario 2. The average fixed cost of 2 units of output is:
A) $8.00. B) $8.50. C) $12.00. D) $20.50.
The price level rises if either
a. money demand or money supply shifts rightward. b. money demand shifts rightward or money supply shifts leftward. c. money demand shifts leftward or money supply shifts rightward. d. money demand or money supply shifts leftward.
Refer to the information provided in Figure 10.4 below to answer the question(s) that follow. 
Figure 10.4 Refer to Figure 10.4. At a market wage rate of $15, firms will hire ________ units of labor.
A. 175 B. 100 C. between 0 and 99 D. 0