Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If twelve microwave ovens are produced, Micro Oven's average total costs are
A. $25.
B. $41.67.
C. $50.
D. $66.67.
Answer: D
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For a consumer bound by the collateral constraint, a reduction in the price of the collateral leads to
A) nothing. B) an increase in current consumption and a decrease in future consumption. C) a decrease in current consumption and no change in future consumption. D) a decrease in current and future consumption.
The price index that measures the prices of goods and services purchased by firms is called the:
A. PPI. B. CPI. C. RPI. D. PRI.
Inequality within countries has been ________, and inequality between countries has been ________ in recent decades.
A. increasing; decreasing B. increasing; increasing C. decreasing; decreasing D. decreasing; increasing
Radon Research Corporation (RRC) is one of 24 firms in Albuquerque testing homes for dangerous levels of radon gas. There is a standard test that all testing companies use. The manager of RRC wants to know the number of homes to test in 2015 in order to maximize the firm's profit. The manager forecasted a price of $160 for radon tests in 2015. The firm's marginal cost was estimated asSMC = 200 ? 15Q + 0.8Q2where Q is the number of tests performed each week. RRC's fixed cost will be $250 per week. The average variable cost at RRC is
A. 200 ? 7.5Q + 0.2667Q2 B. 200Q ? 15Q2 + 0.8Q3 C. 100 ? 10Q + 0.4Q2 D. 200 ? 30Q + 1.6Q2 E. none of the above