Refer to the information provided in Figure 13.3 below to answer the question(s) that follow. 
Figure 13.3Refer to Figure 13.3. This firm's marginal revenue will be positive at
A. $14.
B. prices between $8 and $12.
C. $6.
D. all prices.
Answer: A
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The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produces 10 packs of bubble gum per hour. Joanne's money wage rate is $12 per hour. If a packet of bubble gum sells for $1.00, then Joanne ________ because ________
A) should recommend that the Bubby Gum company should decrease the price of the bubble gum ; it would sell more and bring a larger profit B) is creating a $2.00 per hour profit for the firm; her real wage rate is more than her output per hour C) is creating a $2.00 per hour loss for the firm; her real wage rate is more than her output per hour D) should ask for a raise in pay; then her real wage would be less than her output per hour E) is the last person the Bubby Gump company will employ; an additional hire would produce equal the amount of additional labor to real wage per hour
Marginal utility diminishes as consumption of a good decreases
Indicate whether the statement is true or false
Consumer equilibrium is reached when: a. an individual spends her entire income
b. there is no way a consumer, given the available income, could increase her satisfaction. c. marginal utility begins to diminish. d. marginal utility is maximized, subject to the available income.
High interest rates make a firm's long-term investment in new capital
a. riskless. b. less attractive. c. more attractive. d. no more attractive than short-term investment.