The firm's break-even point occurs at an output of
A. 30.
B. 40.
C. 55.
D. 70.
C. 55.
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Graphing the value of marginal product against the quantity of a given input hired looks like which of the following curves?
A. The total product curve B. The total revenue curve C. The demand curve D. The value product curve
If a household has $40,000 in taxable income and its tax liability is $20,000, the household's average tax rate is
a. 10 percent. b. 25 percent. c. 40 percent. d. 50 percent
Which group within the Federal Reserve System meets to discuss changes in the economy and determine monetary policy?
a. the Board of Governors b. the FOMC c. the regional Federal Reserve Bank presidents d. the Central Bank Policy Commission
Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 
Figure 7.9Refer to Figure 7.9. The firm is currently along isocost CD. If the price of capital is $40, then the price of labor is
A. $6. B. $40. C. $240. D. indeterminate from this information.