Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 
Figure 8.9
Refer to Figure 8.9. This farmer's profit-maximizing level of output is ________ units of output.
A. 100
B. 350
C. 500
D. 700
Answer: C
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A bond's coupon payment divided by the bond's current price is equal to the bond's
A) price-earnings ratio. B) dividend yield. C) current yield. D) maturity value.
How many households in the United States receive their incomes mainly from the business sector?
A. 300 million B. 117 million C. 50 million D. 39 million
Kate and Alice are small-town ready-mix concrete duopolists. The market demand function is Qd = 20,000 - 200P, where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $80 per cubic yard. The Cournot model describes the competition in this market. If Alice produces 5,000 cubic yards per year, what is Kate's inverse demand function?
A. P = 75 - 0.005QK B. P = 75 - 0.005QA C. P = 150 - 0.005QK D. P = 175 - 0.005QA
An educated populace contributes to economic growth because
A) schools provide many jobs for teachers. B) education allows workers to develop skills that increase their productive capabilities. C) educated people are more likely to live in poverty. D) educated people understand the importance of protectionism.