Assume the market is in equilibrium in the graph shown at demand D and supply S1. If the supply curve shifts to S2, and a new equilibrium is reached, equilibrium quantity will increase from 4 to 4.5 units. Which of the following is true?
A. Producer surplus increases by $3.00.
B. Producer surplus decreases by $8.50.
C. Producer surplus increases by $7.50.
D. Producer surplus decreases by $16.
A. Producer surplus increases by $3.00.
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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
Marginal revenue product is:
a. defined as the amount that an additional unit of the variable input adds to the total revenue b. equal to the marginal factor cost of the variable factor times the marginal revenue resulting from the increase in output obtained c. equal to the marginal product of the variable factor times the marginal product resulting from the increase in output obtained d. a and b e. a and c
Which one(s) of the public debt forms is (are) marketable?
a. only the Treasury bond b. only the Treasury bill c. only the Treasury note d. Treasury notes, bills, and bonds e. only Treasury notes and bills
Which of the following scenarios describes a tariff in the Tea Republic?
a. Commercial tea producers received a business tax credit of $2,500 per year. b. A fee of $1 per pound was charged on foreign tea entering the country for sale. c. A federal program offered $2,000 to new tea growing and processing operations. d. The government received $0.05 for every cup of brewed tea sold to consumers.