Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $75 and is a monopolistically competitive firm. To maximize profits in the short run, this firm should produce ________ personalized sweatshirts.
A. 0
B. 50
C. 70
D. 75
Answer: A
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A competitive firm will exit an industry in the long run when the market price falls below its
a. marginal revenue. b. marginal cost. c. average cost. d. average variable cost.
The best example of a frictionally unemployed worker is one who: a. has been looking for work for 27 weeks or longer
b. is laid off during a recessionary period in the economy. c. is in the process of voluntarily switching jobs. d. is discouraged and not actively seeking work. e. cannot find a job that matches with his skills.
An economy is said to be in the liquidity trap when the short-term ________ is down to zero
A) real interest rate on corporate bonds B) nominal interest rate on government bonds C) nominal interest rate on corporate bonds D) real interest rate on government bonds
Refer to the information provided in Figure 13.1 below to answer the question that follows.
Figure 13.1Refer to Figure 13.1. Of the following choices, Panel A best represents the demand curve for
A. Dell computers. B. an individual producer of soybeans. C. insulin. D. all of the above