The potential for profit-increasing false advertising is greatest for which of the following goods?
A) a washing machine
B) spot carpet cleaner
C) hair shampoo
D) toothpaste
A) a washing machine
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When competitors reach an agreement with one another about the quantities they will produce in order to keep profits high, they have engaged in:
A. price fixing. B. quantity fixing. C. profit fixing. D. tacit collusion.
Which of the following is true if investors expect greater future profits from a company?
A. The price of the company's bonds decreases. B. The current yield on the company's bonds decreases. C. The par value of the company's bonds decreases. D. The demand for the company's bonds decreases.
Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 
Figure 7.9Refer to Figure 7.9. The firm is currently along isocost CD. If the price of labor is $42, then the price of capital is
A. $21. B. $42. C. $63. D. $84.
The figure above represents the competitive market for slices of key lime pie. When the price is $3, the total producer surplus equals
A) $0. B) $60. C) $90. D) $120. E) None of the above answers is correct.