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. Micro Oven's average fixed costs of producing 10 units of output are
A. $30.
B. $40.
C. $50.
D. indeterminate from this information.
Answer: A
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Explain the differences between a corporate bond, a municipal bond, and a Treasury bond. Which of these would be the least risky investment, and why?
What will be an ideal response?
The main goal of the Bretton Woods meeting was to
a. curb inflation b. encourage gold production c. set world prices for gold d. set up a new international system of payments and to stabilize exchange rates e. help less-developed countries of the Third World to develop economically
Which of the following statements is true?
(a) A country runs a current account deficit if it exports more goods and services than it imports; (b) The sum of the current and capital accounts must be zero; (c) If both the current and capital accounts are in surplus, the exchange rate must appreciate; (d) None of the above are true.
Assuming no economies of scale and identical costs, if the firms in a purely competitive industry were replaced by a profit-maximizing monopolist, the likely result would be:
A. an increase in price and reduced output. B. an increase in price and unchanged output. C. an increase in both price and output. D. unchanged price and reduced output.