The slope of the budget line in the graph shown:
A. represents the opportunity cost of the two goods relative to each other.
B. represents the relative marginal utilities from consuming the two goods.
C. measures the total utility the consumer gets from consuming the two goods.
D. is the consumer’s income level.
A. represents the opportunity cost of the two goods relative to each other.
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What are automatic stabilizers and how do they affect the economy? Which is the most important?
Bob, the manager and owner of a small company, believes in the theory of efficiency wages. As such, Bob would be most likely to agree with which of the following quotes?
a. "The only place where success comes before work is in the dictionary.". b. "Work hard. Play harder.". c. "Pay a man for the job you want him to do.". d. "Imagination is more important than knowledge.".
Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $150 and is a monopolistically competitive firm. If this firm is producing the profit-maximizing level of output and selling it at the profit-maximizing price, the firm's profit is
A. -$250. B. -$150. C. -$100. D. -$50.
When creating market demand curves for privately produced and privately consumed goods, we
A. add the price paid at each quantity. B. take an average of the quantity demanded at each price. C. take an average of the price paid at each quantity. D. add the quantity demanded at each price.