Refer to the information provided in Figure 7.11 below to answer the question(s) that follow.  Figure 7.11 
Refer to Figure 7.11. If the firm's cost of capital is $15 per unit and its cost of labor is $30 per unit, the isocost line represents a total cost of

A. $2,000.
B. $3,000.
C. $6,000.
D. $8,000.


Answer: B

Economics

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In the above figure, the economy is at point a on the initial supply of loanable funds curve SLF0. What happens if the interest rate rises?

A) There is a movement to a point such as b on supply of loanable funds curve SLF0. B) The supply of loanable funds curve shifts rightward to a curve such as SLF2. C) The supply of loanable funds curve shifts leftward to a curve such as SLF1. D) none of the above

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As output increases, average fixed cost gets smaller and smaller

Indicate whether the statement is true or false

Economics

Which of the following is not a principal means by which corporations obtain money for investment?

A. Selling stocks B. Selling bonds C. Retaining earnings D. Receiving dividends

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If the quantity demanded of a good is greater than the quantity supplied of the good at the current price, then

A. The demand curve will shift to the left to create equilibrium. B. The supply curve will shift to the right to create equilibrium. C. There is a surplus of the good. D. Price will increase until it reaches the equilibrium price.

Economics