Which is NOT part of the definition of capital, as used by economists? It ___.
A. must be manufactured
B. is used by firms
C. is used up in production
D. produces other goods and services
Ans: C. is used up in production
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Use the figure below to answer the following question.
If actual production and consumption occur at Q2
A. missing surplus of a + b + c + d occurs. B. economic surplus is maximized. C. missing surplus of e + f occurs. D. missing surplus of a + c occurs.
The table above shows the demand and total cost schedule for a monopolist hotel. What is the marginal revenue from renting out the fifth room each night?
A) $111 B) $141 C) $151 D) $161
The higher the U.S. dollar price per Mexican peso, the __________ Mexican goods are for Americans and the __________ Mexican goods Americans will buy; thus __________ pesos will be demanded
A) more expensive; fewer, more B) less expensive; more, fewer C) more expensive; fewer, fewer D) less expensive; fewer, more E) none of the above
Refer to the information provided in Figure 16.1 below to answer the question(s) that follow. 
Figure 16.1 Refer to Figure 16.1. To force this firm to produce the efficient level of output, the government should impose a tax of
A. $5.00 per bag of fertilizer. B. $10.00 per bag of fertilizer. C. $15.00 per bag of fertilizer. D. an amount that is indeterminate from this information.