Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. If Ohio Edison is regulated to act as a perfectly competitive firm (instead of the monopoly level),
A. the net social gain to society equals ACF.
B. output would increase from 500 to 600 units.
C. the firm will earn profits of BEC.
D. consumer surplus would increase by the area FGBC.
Answer: D
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Trade, both within and across national borders, ________
A) discourages specialization in production B) exploits absolute advantage C) reduces interdependence among nations D) increases productive efficiency
Suppose that the marginal propensity to consume (MPC) is .75 and there is an increase in investment spending of $100,000. As a result, equilibrium real Gross Domestic Product (GDP) would increase by
A) $400,000. B) $75,000. C) $100,000. D) $750,000.
Based on the above production data table for Ken's Pizza Parlor, we know that the average product of labor curve begins to decrease after hiring worker ________
A) 1 B) 2 C) 3 D) 4
According to the Census Bureau,
a. a greater percentage of families are below the poverty level now than in 1960 b. a smaller percentage of families are below the poverty level now than in 1960 c. the same percentage of families are below the poverty level now as in 1960 d. the percentage of families below the poverty level has fallen dramatically since 1970 e. 30 percent of families are below the poverty level