In order to produce 100 oatmeal cookies, Goodie Cookie Co incurs an average total cost of $0.25 per cookie. The company's marginal cost is constant at $0.10 for all oatmeal cookies produced. The total cost to produce 50 oatmeal cookies is _____
a. $25
b. $20
c. $50
d. $60
b
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How does total revenue change as one moves downward and to the right along a linear demand curve?
a. It always increases. b. It always decreases. c. It first increases, then decreases. d. It is unaffected by a movement along the demand curve.
Refer to the information provided in Figure 6.1 below to answer the question(s) that follow.
Figure 6.1Refer to Figure 6.1. AC represents Tom's budget constraint. Point D then represents a point that is
A. not available because it represents a combination of hamburgers and hot dogs that he cannot purchase with his income. B. an available option, as Tom is just spending all of his income. C. available, but at which he does not spend all his income. D. in his opportunity set but not on his budget constraint.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Increasing GDP generally causes increases in problems of waste disposal.
Answer the following statement true (T) or false (F)