Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If four drones are produced, average fixed costs are
A. $5.
B. $10.
C. $12.50.
D. $17.50.
Answer: C
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When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline
Economic efficiency in a competitive market is achieved when
A) producer surplus equals the total amount firms receive from consumers minus the cost of production. B) the marginal benefit equals the marginal cost from the last unit sold. C) consumers and producers are satisfied. D) economic surplus is equal to consumer surplus.
In a two-country world, many economists argue that an increase in the real interest rate in the domestic economy (relative to the real interest rate in the foreign economy)
A) tends to decrease domestic Real GDP. B) tends to increase domestic Real GDP. C) tends to have no impact on domestic Real GDP. D) has an indeterminable impact on domestic Real GDP given the above information.
Which of the following are steps in ABC classification (i.e., applying Pareto's Law)?
a. Classify companies by sales b. Provide stewardship for each customer c. Modify classifications based on strategic issues d. Restructure companies based on size e. Both A and C