A consumer notices that the price of a bottle of SpringFresh perfume increased from $30 to $40. Which of the following would most likely cause this increase?
a. a significant increase in minimum wage
b. a more efficient bottling system
c. stricter product inspections
d. a large advertising campaign
a. a significant increase in minimum wage
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The impact of a decrease in the wage rate on labor supply will be represented by ________, assuming all else equal
A) a rightward shift of the labor supply curve B) an upward movement along the labor supply curve C) a leftward shift of the labor supply curve D) a downward movement along the labor supply curve
An increase in U.S. Treasury deposits at the Fed reduces both ________ and the ________
A) reserves; monetary base B) Fed liabilities; money multiplier C) Fed assets; monetary base D) Fed assets; money multiplier
Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the formAVC = a + bQ + cQ2and obtained the following results. Total fixed cost (TFC) at Straker Industries is $1,000. 
If Straker Industries produces 12 units of output, what is estimated short-run marginal cost (SMC)?
A. $32.40 B. $33.33 C. $28.04 D. $62.60
The automobile, steel, and oil markets are all examples of:
A. perfectly competitive markets. B. monopolies. C. monopolistically competitive markets. D. oligopolies.