Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If twelve microwave ovens are produced, Micro Oven's total costs are
A. $300.
B. $500.
C. $800.
D. $1,300.
Answer: C
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Federal Deposit Insurance Corporation (FDIC)
Economic models start with the assumption of
a. exogenous prices. b. the laws of supply and demand. c. equilibrium. d. rational behavior.
When a tax is placed on the sellers of energy drinks, the
a. sellers bear the entire burden of the tax. b. buyers bear the entire burden of the tax. c. burden of the tax will be always be equally divided between the buyers and the sellers. d. burden of the tax will be shared by the buyers and the sellers, but the division of the burden is not always equal.
A regional trade agreement involves:
a. Most, if not all, the nations in the world. b. several nations, usually trading partners, with a common agenda or geographically linked. c. nations that agree to trade only with nations in their region. d. a region of the world with not only trade issues but also political cohesiveness.