Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 
Figure 7.10Refer to Figure 7.10. If this firm's cost of capital is $10 per unit and its cost of labor is $5 per unit, the isocost line represents a total cost of
A. $1,000.
B. $2,000.
C. $3,000.
D. $4,000.
Answer: A
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A risk-neutral individual will make investment decisions purely based on net present value because
A) she doesn't care about utility. B) utility is a linear function of wealth. C) she loves to take risk. D) net present value is always more than expected utility.
The college textbooks market is an example of
A) perfect competition. B) oligopoly. C) monopoly. D) monopolistic competition.
Economists believe that most people act to increase their expected ______.
a. personal satisfaction b. personal income c. power d. control
To measure how productive workers in the economy are, the best measure to use would be
A. real GDP. B. GDP divided by the population. C. GDP divided by the nation’s capital stock. D. GDP divided by hours worked.