Refer to the information provided in Figure 12.1 below to answer the question(s) that follow. 
Figure 12.1 Refer to Figure 12.1. The firm is
A. equally efficient when it produces at points A and B.
B. more efficient when it produces at point B than at point A.
C. more efficient when it produces at point A than at point B.
D. producing at least possible cost anywhere along the given ATC curve.
Answer: C
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A recession shows
A) supply always equals demand. B) supply never equals demand. C) thousands of businesspeople have misread market signals. D) real GDP must be lower than nominal GDP. E) not enough households are using their credit cards.
Which of the following is the BEST example a public good?
A) a parking space B) a car C) a stop sign D) a toll road
Upwardly mobile workers who may be between jobs are considered
a. frictionally unemployed b. structurally unemployed c. cyclically unemployed d. unemployable e. discouraged workers
When the benefit of another hour of work is greater than the opportunity cost, we would expect the worker to work:
A. another hour. B. exactly that amount. C. an hour less. D. Cannot be determined without more information.