Which of the following will tend to result in more proven oil reserves?
A) rising oil prices
B) development of oil substitutes
C) conservation measures
D) all of the above
A
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Based on the table above which shows Chip's costs, if rice sells for $600 a ton, Chip will
A) shut down because he incurs an economic loss. B) shut down because the price is below his minimum average variable cost. C) stay open because he makes an economic profit. D) stay open because the price is above his minimum average variable cost.
The market demand for MP3 players is p = 50 - 0.5Q, and the marginal cost for an MP3 player is $10. If Nick receives 60% of the total profit, then
A) Nick will produce 50 MP3 players. B) Nick receives $500 as profit. C) total profit is $800. D) the efficiency in production is not achieved.
Fill out the table and answer the question below. 
The marginal product of the fifth unit of labor is
A. 10. B. 4. C. -2. D. 16.
The aggregate demand curve shows the quantity of:
A. real output demanded at each level of real interest rate. B. nominal output demanded at each level of inflation. C. output made available at each level of inflation. D. real output demanded at each level of inflation.