Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If six microwave ovens are produced, Micro Oven's total fixed costs are
A. $50.
B. $100.
C. $300.
D. indeterminate from this information.
Answer: C
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When regulators identify with the special interests of the industry they regulate, this behavior conforms with the
A) share-the-gains, share-the-pains hypothesis. B) rate-of-return hypothesis. C) lemon market hypothesis. D) capture hypothesis.
The determinants of aggregate demand:
A. explain why the aggregate demand curve is downsloping. B. explain shifts in the aggregate demand curve. C. demonstrate why real output and the price level are inversely related. D. include input prices and resource productivity.
If Brazil has a comparative advantage in the production of coffee compared to the United States, then
A. the United States has an absolute advantage in the production of coffee. B. Brazil can produce coffee at a lower opportunity cost than the United States. C. Brazil also has an absolute advantage in the production of coffee. D. the United States cannot produce coffee.
If average variable cost exceeds average fixed cost at a particular level of output: a. Profits must be positive
b. That fact is meaningless for deciding the quantity of output to produce. c. It is more likely that the output level is low relative to the designed capacity of the production facility than that the output level is low relative to the designed capacity of the production facility. d. Both b and c. are likely true.