The price at which an option may be exercised is called the
A) market price.
B) equilibrium price.
C) strike price.
D) fixed price.
C
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The long-run supply curve of an industry equals the industry’s
A. long-run marginal cost curve. B. the horizontal sum of all firms’ supply curves at any point in time. C. long-run average cost curve. D. long-run total variable cost curve.
With a given income and prices of goods, Marcus will be in a consumer equilibrium if ________
A) his marginal utility from all goods is the same B) he purchases the same amounts of all goods C) he maximizes his total utility D) his marginal utility from all goods is at its maximum
The combined Social Security tax rate was _____ up to incomes of _____
a. 15.3 percent; $87,000 b. 14.2 percent; $91,000 c. 11.7 percent; $83,500 d. 12.8 percent; $88,000
In Figure 35.1, if rents are uncontrolled, then the amount that landlords will want to rent will be 
Figure 35.1
A. Q*. B. Q'. C. Q". D. 0.