Refer to the following table which gives the demand and cost data for a price-setting firm: 
What is the profit-maximizing price?
A. $18
B. $19
C. $16
D. $17
E. $15
Answer: A
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Suppose demand for a good is QD = 100 - P and supply is QS = -20 + P. What is the amount consumers pay producers?
a. 60 b. 2400 c. 3600 d. 6400
Monopolistically competitive firms ignore the effect of their decisions upon other firms in the industry because
a. each firm is large relative to the market b. each firm is small relative to the market c. there are few sellers in the market d. there is only one seller in the market e. all firms follow the same known pricing rules
________ are the things that are used to produce items that satisfy people's wants
A) Concepts B) Production possibilities curves C) Resources D) Costs
After two rounds of quantitative easing, the money supply was:
A. $2 trillion, still less than the amount pre-crisis. B. $2 trillion, nearly double the amount pre-crisis. C. $1 trillion, nearly the same as the amount pre-crisis. D. $3 trillion, more than triple the amount pre-crisis.