If marginal cost is increasing, average variable cost must also be increasing.
Answer the following statement true (T) or false (F)
False
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Refer to the figure below. The equilibrium price is ________, and the equilibrium quantity is ________. 
A. $30; 15 B. $35; 20 C. $25; 5 D. $25; 20
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
Hyperinflation can be defined as an inflation rate of
A) 50% or more per month. B) 50% or more per year. C) 50% or more decade. D) All of the above are appropriately defined as hyperinflation.
If the consumer's income and all prices simultaneously double, then the optimum consumption bundle will
a. shift outward relative to the original optimum. b. move leftward along the original budget constraint. c. not change. d. shift inward relative to the original optimum.