Refer to the information provided in Figure 7.1 below to answer the following question(s). 
Figure 7.1Refer to Figure 7.1. A corn producer produces 80 bushels of corn and sells each bushel at $5. The cost of producing each unit bushel is $2. This corn producer's total revenue is ________ and profit if ________.
A. $400; $160
B. $160; $0
C. $400; $240
D. $240; $80
Answer: C
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The world is more likely to run out of gold than it is to run out of bald eagles
Indicate whether the statement is true or false
An imperfectly competitive firm is one that:
A. faces a perfectly inelastic demand curve. B. has at least some influence over the market price. C. seeks to maximize revenue. D. charges any price it wants.
In which of the following U.S. industries is the rate of unionization the lowest?
A. Transportation. B. Mining. C. Manufacturing. D. Finance.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced. B. an unattainable production point. C. what society wants. D. the economy's optimal production point.