Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. If the demand and supply of pounds are D1 and S2, the equilibrium is
A. $2.00 per pound and the quantity is 300 pounds.
B. $2.50 per pound and the quantity is 400 pounds.
C. 2 pound per $ and the quantity is 400 pounds.
D. $1.50 per pound and the quantity is 200 pounds.
Answer: B
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Answer the following statement true (T) or false (F)
A public good has the quality of excludability but not the quality of depletability.
Answer the following statement true (T) or false (F)
According to behavioral economists, people's preferences toward a particular outcome:
A. depend heavily on the contextual information that defines whether that outcome is a gain or a loss. B. are context independent because the same state of being is created regardless of one's previous circumstances. C. differ across people but are fixed for any given individual. D. depend primarily on genetics rather than environmental or contextual forces.
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. If this farmer is producing the profit-maximizing level of output, her marginal cost is
A. $2. B. $8. C. $9. D. $12.