For a typical firm, the long-run average total cost curve:
a. is tangent to the minimum point of each possible short-run average total cost curves.
b. is tangent to each possible short-run average total cost curve at one point.
c. intersects each possible short-run average total cost curve at two points.
d. passes through the minimum points of all possible short-run average total cost curves.
b
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If a monopolist's marginal revenue is $25 and its marginal cost is $19, then the monopolist should:
A. raise its price. B. increase its output. C. decrease its output. D. leave its output and price unchanged.
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Mutual funds, pension plans, and life insurance policies:
A. are all forms of savings. B. differ regarding when you can have access to the asset's worth. C. all entrust a professional to decide which financial assets are the best for the saver to hold. D. All of these are true.
In a competitive separating equilibrium, low cost consumers of insurance will not fully insure because insurance rates offered to them are not actuarily fair.
Answer the following statement true (T) or false (F)