Bill and Krista sell potted plants from a roadside stand. The figure above shows Bill and Krista's marginal cost curve and the market price. If Bill and Krista sell 60 plants per week at $8 per plant, their producer surplus from all their plants is
A) $8.
B) $480.
C) $240.
D) $0.
E) More information is needed to answer the question.
C
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The equation of exchange shows that
A) P = (M × V) ÷ Y. B) P = (V × M) × Y. C) P = (M ÷ V) × Y. D) P = (M × Y) ÷ V. E) P - Y = M + V.
Many car owners and car dealers describe their different cars for sale in the local newspapers and list their asking price. Many people shopping for a used car consider the different choices listed in the paper
The market for used cars could be described as A) relatively competitive. B) perfectly competitive. C) non-competitive. D) having high transaction costs.
The demand curve shown below has four points depicting possible total market oligopoly outcomes of quantity and price. For the given demand and price coordinates labeled A-D, pick the matching oligopoly models that lead to these comparative outcomes. 
A. A = Bertrand: B = Cournot: C = Stackelberg: D = Shared Monopoly B. A = Shared Monopoly: B = Cournot: C = Stackelberg: D = Bertrand C. A = Cournot: B = Bertrand: C = Stackelberg: D = Shared Monopoly D. A = Shared Monopoly: B = Cournot: C = Bertrand: D = Stackelberg
Which of the following is not an example of a public good?
A. space exploration B. levees C. parks D. a Big Mac