Individuals live and work in both individual and aggregate economic entities
a. True
b. False
Indicate whether the statement is true or false
True
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Environmental destruction is peculiar to centrally planned economies
a. True b. False Indicate whether the statement is true or false
The marketplace allocates resources
a. fairly. b. efficiently. c. to those desiring them least. d. both efficiently and equitably.
The accompanying figure shows the annual demand for haircuts for one person in the town of Beaumont. There are a total of 300 residents in Beaumont, each with this same demand curve. 
If the residents of Beaumont purchase a total of 1,800 haircuts each year, then the market price for a haircut must be:
A. $20. B. $30. C. $35. D. $40.
The Lawn Ranger, a landscaping company, has total costs of $5,000 and total variable costs of $1,000. The Lawn Ranger's total fixed costs are
A. $0. B. $4,000. C. $6,000. D. indeterminate because the firm's output level is unknown.