Refer to the information provided in Table 8.2 below to answer the question(s) that follow.
Table 8.2 
Refer to Table 8.2. If Sherry produces four pairs of earrings, her average fixed costs are
A. $4.
B. $20.
C. $25.
D. $100.
Answer: C
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Which of the following is NOT an example of a factor of production?
A) Coal B) Tractors C) Cigarettes D) College graduates
Why did fewer state banks choose to become or remain members of the Federal Reserve System during the 1960s and 1970s?
A) Nominal interest rates rose. B) The required reserve ratio rose. C) The discount rate rose. D) Open market operations declined.
Refer to the above figure. Suppose the economy is at point B and the central bank adopts expansionary monetary policy. In the short run, this will result in
A) the economy moving towards point A. B) the economy staying at point B. C) the economy moving towards point C. D) an outcome that cannot be predicted, as not enough information is given.
The additional output from one more worker is known as
A) marginal revenue product. B) marginal physical product. C) marginal factor cost. D) marginal wage.