If a city, like Denver, that is quite far from the nearest other urban area were to add a casino, the "local substitution" argument would suggest that there would be
A. a significant economic downside.
B. a moderate economic upside.
C. a moderate economic downside.
D. a significant economic upside.
Answer: B
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The graph for a monopolist’s profits shows that at output QM, the firm’s total cost is ______.
a. $100
b. $400
c. $600
d. $800
Sustained inflation is
A. an increase in the overall price level that continues over a significant period of time. B. also called stagflation. C. the same as hyperinflation. D. a constant increase in the price of one product or service in the economy.
Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 
Figure 7.9Refer to Figure 7.9. The firm's isocost line would shift from CE to CD if
A. the price of capital rises. B. the price of labor rises. C. the firm's total expenditure on inputs decreased. D. either the price of labor fell or the firm's total expenditure on inputs decreased.
A graph showing ________ is an isoquant.
A. all combinations of products that yield the same total utility B. all combinations of capital and labor that have the same total cost C. all combinations of capital and labor that a firm can use to produce a given amount of output D. all combinations of products desired by consumers