Answer the next question on the basis of the following information.TFC = Total Fixed Cost MC = Marginal CostTVC = Total Variable Cost Q = Quantity of Output P = Product Price Select the marginal cost.
A. 
B. 
C. 
D. 
Answer: A
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The total cost of federal regulation includes
A) the funding of government agencies overseeing compliance, the compliance cost for the regulated firms, and the opportunity cost of regulation for the firms. B) the funding of government agencies overseeing compliance less the compliance cost for the regulated firms and the opportunity cost of regulation for the firms. C) only the cost of compliance by the regulated firms. D) only the funding of the regulatory agencies.
How do consumers benefit from trade among monopolistically competitive firms?
a. Prices are the same as in autarky, but the wider choice of goods increases consumer surplus. b. Consumer surplus increases because prices are lower than in autarky, and there is a wider choice of goods. c. Prices are higher than in autarky, but the wider choice of goods increases consumer surplus. d. The government provides cash subsidies to consumers
For a given nominal exchange rate and foreign price level, a decrease in the domestic price level ________ the real exchange rate.
A. may either increase or decrease B. decreases C. offsets any change in D. increases
If the marginal propensity to save (MPS)decreases, the multiplier
A. stays the same. B. increases. C. decreases. D. can either increase or decrease, depending on what happens to the marginal propensity to consume (MPC).