Refer to the information provided in Figure 13.2 below to answer the question(s) that follow. 
Figure 13.2 Refer to Figure 13.2. The marginal revenue of the fifth pound of cheese is
A. $1.
B. $3.
C. $6.
D. $24.
Answer: A
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The market price for a final good reflects
A) the objective value of the good. B) the values added by earlier stages of production. C) the seller's profit. D) the buyer's loss. E) both C and D.
Which of the following statements about financial markets and securities is TRUE?
A) Many common stocks are traded over-the-counter, although the largest corporations usually have their shares traded at organized stock exchanges such as the New York Stock Exchange. B) As a corporation gets a share of the broker's commission, a corporation acquires new funds whenever its securities are sold. C) Capital market securities are usually more widely traded than shorter-term securities and so tend to be more liquid. D) Prices of capital market securities are usually more stable than prices of money market securities, and so are often used to hold temporary surplus funds of corporations.
Economists speaking like policy advisers make
a. claims about how the world is. b. descriptive statements. c. normative statements. d. More than one of the above is correct.
The tragedy of the commons arises from the:
A. combination of rivalry and nonexcludability. B. good being excludable. C. combination of rivalry and excludability. D. good being rival.