Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 
Figure 7.11
Refer to Figure 7.11. If the firm's cost of capital is $18 per unit, then its cost of labor is ________ per unit.
A. $1.80
B. $9
C. $36
D. $900
Answer: C
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Which of the statements below does not describe a demand curve that is unit elastic?
a. The percentage change in the quantity demanded = percentage change in product price. b. An increase in product price will not change total revenue. c. The price elasticity of demand equals one. d. A change in price does not change quantity demanded. e. A decrease in product price will not change total revenue.
Firms should use a resource up to a point where MRP = P
a. True b. False Indicate whether the statement is true or false
Based on this producer surplus graph, how many full units can the firm produce each week and receive a producer surplus on?
a. one
b. two
c. three
d. four
Game theory suggests that, in the absence of patents, the privately motivated innovation decisions of firms might lead to:
A. too much innovation. B. the socially efficient level of innovation. C. too little innovation. D. None of the answers is correct.