Refer to the information provided in Table 8.1 below to answer the question(s) that follow.
Table 8.1 
Refer to Table 8.1. In the short run, if the price of labor (L) is $5 per unit, the price of capital (K) is $10 per unit, and firms attempt to minimize costs, then this firm's total cost of producing one unit of output is
A. $100.
B. $120.
C. $220.
D. indeterminate from this information.
Answer: D
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Susan and Calvin paint houses. Susan consistently paints about 400 square feet of a house's exterior per hour, while Calvin consistently paints about 300 square feet per hour. Susan's __________ exceeds that of Calvin
Fill in the blank(s) with correct word
Estimates of the overstatement of cost of living by the CPI suggest the magnitude of the overstatement is roughly
A. 0.1 percentage points. B. 0.3 percentage points. C. 5.0 percentage points. D. 1.0 percentage points.
With an upward sloping SAS curve, an expansionary monetary policy that affects the price level but not real output could be the result of a shift of:
A. only the SAS curve. B. both the AD and SAS curves. C. neither the SAS curve nor the AD curve. D. only the AD curve.
Suppose Andrea is taking just two courses and is at a point on her PPF of grades for those two courses. Now this PPF shifts inward and Andrea moves to a point on the new PPF. Which of the following would be impossible after her PPF has shifted inward compared to before the PPF shifted?
What will be an ideal response?