Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. 
Figure 15.1 Refer to Figure 15.1. If Dom's Barber Shop is maximizing profit, it is earning a profit of
A. $0.
B. $80.
C. $120.
D. $320.
Answer: B
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A) is unrelated to B) increases C) eliminates D) can reduce but not eliminate
Suppose the banks in the Federal Reserve System have $1 billion in transactions accounts and the reserve requirement is 0.10. Ceteris paribus, if the reserve requirement is increased to 0.20, then excess reserves will:
A. Increase by $100 million. B. Increase by $200 million. C. Decrease by $100 million. D. Decrease by $200 million.
If a nation can produce a more computers per year than any other nation, that nation has a(n) ________ advantage in the production of computers.
A. natural B. absolute C. comparative D. relative
Choose the letter below that best represents the type of shift that would occur in the following situation in the United States: When the economy overheated, the U.S. government cooled it down with higher taxes, spending reductions, and less money. (See Figure 8.6.)
A. A. B. B. C. C. D. D.