Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. The marginal cost of the seventh drone is
A. $2.86.
B. $3.33.
C. $20.
D. indeterminate from this information.
Answer: C
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Increasing opportunity cost tends to occur if
A. management is disorganized. B. markets do not equate money and opportunity cost. C. production is inefficient. D. resources are scarce. E. resources are specialized.
Suppose a British bank offers a 3 percent interest rate while a U.S. bank offers a 7 percent interest rate. People must expect the U.S. dollar will
A) depreciate 4 percent. B) appreciate 4 percent. C) appreciate 10 percent. D) depreciate 10 percent.
When the macroeconomy is doing poorly (as it was in 2009), profits of existing firms decrease, creating an incentive for existing firms to exit unprofitable markets
This in turn makes it more difficult for the remaining firms to mark up price over average or marginal cost. Indicate whether the statement is true or false
Decreases in the stock of capital will lead to:
A. increases in wages and total GDP. B. decreases in wages and increases in GDP. C. increases in wages and decreases in GDP. D. decreases in wages and GDP.