Government can increase Long-Run economy growth by encouraging
A. Conservation of resources
B. Consumption
C. Spending
D. Saving and Investing
E. None
D. Saving and Investing
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Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the formAVC = a + bQ + cQ2and obtained the following results. Total fixed cost (TFC) at Straker Industries is $1,000. 
If Straker Industries produces 12 units of output, what is estimated average variable cost (AVC)?
A. $32.40 B. $38.60 C. $28.04 D. $33.33
The model of supply and demand leads to the prediction that high interest rates cause:
A. a decrease in both housing prices and the number of homes purchased. B. a decrease in the price of housing and an increase in the number of homes purchased. C. an increase in the price of housing and a decrease in the number of homes purchased. D. an increase in both housing prices and the number of homes purchased.
An increase in the cost of an input will result in
A) a leftward shift in the firm's supply curve. B) an upward shift of the firm's marginal cost curve. C) a leftward shift of the market supply curve. D) All of the above.
An increase in the wage rate will cause the labor supply curve to shift to the right
a. True b. False