The concept of opportunity cost is illustrated by:
a. a movement from the interior of the production possibilities curve to the frontier
b. a movement from the production possibilities curve to its interior.
c. a movement from a point on the production possibilities curve to the northeast.
d. a movement along the production possibilities curve, as production of one good falls in order to increase production of another.
d
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Suppose the figure below shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist. 
The profit-maximizing price for this monopolist to charge is:
A. A. B. C. C. B. D. E.
Ali decides to attend the one-hour review session for microeconomics instead of working at his job. His job pays him $10 per hour. Ali's opportunity cost of attending the review session is
A) equal to the benefit he gets from the review session. B) the one-hour review session. C) the value of the session minus the $10 he could have earned at his job. D) nothing, because the review session does not cost anything. E) the $10 he could have earned at his job.
Regulatory capture exists when
A. regulated firms form special interests and influence politicians who appoint regulators through campaign donations. B. regulated firms pay for favorable public media campaigns. C. the federal government successfully deregulates an industry. D. two or more firms merge to gain a majority market share.
The argument a tariff on imported goods produced by an unlimited industry could benefit the members of the domestic union is
A) the national defense argument. B) the protect domestic jobs argument. C) the infant industry argument. D) the dumping argument.